8645 78th St
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8645 78th St
4 Unit Apartment Building $1,334,446 CAD ($333,612 CAD/Unit) Woodhaven, NY 11421
Investment Highlights
- Two Blocks from the 75th Street "J-Z" station.
- High Vacancy Property
- Below Market Rents
Executive Summary
Cushman & Wakefield is pleased to offer for sale 86-45-57 78th Street in Woodhaven, Queens. The
4-unit apartment building spans 4,316 SF including finished basement duplexes. This property was
originally built as two 2-unit properties on a single tax lot.
Located just off of Jamaica Avenue on 78th Street, the property benefits from quick grocery, retail,
and restaurant proximity. Train access is a 3-minute walk away at the 75th Street ‘J-Z’ station.
Recent upgrades include a full turnover of the second floor apartment in 86-45, both roofs re-flashed
in ‘23-24’, and a new hot-water heater in 2021. The property will be delivered with two units vacant at closing, allowing for immediate renovation and a mark-to-market rent opportunity.
Please direct all inquiries to Cushman & Wakefield.
4-unit apartment building spans 4,316 SF including finished basement duplexes. This property was
originally built as two 2-unit properties on a single tax lot.
Located just off of Jamaica Avenue on 78th Street, the property benefits from quick grocery, retail,
and restaurant proximity. Train access is a 3-minute walk away at the 75th Street ‘J-Z’ station.
Recent upgrades include a full turnover of the second floor apartment in 86-45, both roofs re-flashed
in ‘23-24’, and a new hot-water heater in 2021. The property will be delivered with two units vacant at closing, allowing for immediate renovation and a mark-to-market rent opportunity.
Please direct all inquiries to Cushman & Wakefield.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,334,446 CAD | Property Subtype | Apartment |
| Price Per Unit | $333,612 CAD | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 4,316 SF |
| Sale Conditions | High Vacancy Property | Average Occupancy | 50% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1942 |
| Price | $1,334,446 CAD |
| Price Per Unit | $333,612 CAD |
| Sale Type | Investment |
| Sale Conditions | High Vacancy Property |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.05 AC |
| Building Size | 4,316 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1942 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1.5 | 2 | - | - |
1 of 1
Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (74)
PROPERTY TAXES
| Parcel Number | 08842-0158 | Improvements Assessment | $64,169 CAD (2024) |
| Land Assessment | $142,992 CAD (2024) | Total Assessment | $207,161 CAD (2024) |
PROPERTY TAXES
Parcel Number
08842-0158
Land Assessment
$142,992 CAD (2024)
Improvements Assessment
$64,169 CAD (2024)
Total Assessment
$207,161 CAD (2024)
zoning
| Zoning Code | R6A (R6B) |
| R6A (R6B) |
-
Nick Kolbus -
Dylan Walsh -
Kieran Baker -
Cushman & Wakefield
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