387 Guy Lombardo Ave
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387 Guy Lombardo Ave
5 Unit Apartment Building $1,387,659 CAD ($277,532 CAD/Unit) 7.10% Cap Rate Freeport, NY 11520
Investment Highlights
- Legal 5 Family with Below Market Rents
Executive Summary
Excellent opportunity to acquire this Legal 5 family in the Village of Freeport, New York. This waterfront property comfortably sits on 0.36 acres allowing for potential future redevelopment.
The property currently is currently priced at a 7% cap rate when fully occupied and features under market rents within all the residential units with short term leases in place. New ownership can also capitalize on the 100’ feet of docking that currently has no income.
For more information, contact Tom Bigansky, the exclusive broker, directly at 516-343-6964.
The property currently is currently priced at a 7% cap rate when fully occupied and features under market rents within all the residential units with short term leases in place. New ownership can also capitalize on the 100’ feet of docking that currently has no income.
For more information, contact Tom Bigansky, the exclusive broker, directly at 516-343-6964.
Property Facts
| Price | $1,387,659 CAD | Building Class | C |
| Price Per Unit | $277,532 CAD | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 4,773 SF |
| Cap Rate | 7.10% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment |
| Price | $1,387,659 CAD |
| Price Per Unit | $277,532 CAD |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 4,773 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1935 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 1+1 | 1 | - | - |
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 2009-62-088-00-0046-0 | Improvements Assessment | $1,771 CAD |
| Land Assessment | $4,008 CAD | Total Assessment | $5,778 CAD |
PROPERTY TAXES
Parcel Number
2009-62-088-00-0046-0
Land Assessment
$4,008 CAD
Improvements Assessment
$1,771 CAD
Total Assessment
$5,778 CAD
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387 Guy Lombardo Ave
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