9534-9540 104th St
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9534-9540 104th St
8 Unit Apartment Building $4,916,380 CAD ($614,548 CAD/Unit) 5.46% Cap Rate Ozone Park, NY 11416
Investment Highlights
- corner property
- fully rented
Executive Summary
Welcome to 95-34/36/38/40 104th Street, Jamaica, NY, where a unique opportunity awaits you with four multifamily townhomes. This exceptional property comprises four 2- family homes on a single lot. Each townhome boasts two distinct apartments, offering versatile living spaces for residents. With a total of 8 units, this property presents an excellent investment opportunity in the vibrant neighborhood of Jamaica, Queens. The financials of this investment property further underscore its appeal. The Owner Operating Income stands at $217,800. Owner Operating Expenses $26,715, ensuring a well-maintained and profitable investment. The Net Operating Income of $191,085
showcases the financial viability and long-term value of this property.
showcases the financial viability and long-term value of this property.
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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $4,916,380 CAD | Building Class | C |
| Price Per Unit | $614,548 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 6,166 SF |
| Cap Rate | 5.46% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $4,916,380 CAD |
| Price Per Unit | $614,548 CAD |
| Sale Type | Investment |
| Cap Rate | 5.46% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,166 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
Unit Amenities
- Basement
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | - |
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Walk Score ®
Very Walkable (85)
Transit Score ®
Excellent Transit (80)
PROPERTY TAXES
| Parcel Number | 09383-0023 | Total Assessment | $155,688 CAD (2024) |
| Land Assessment | $67,718 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $87,970 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
09383-0023
Land Assessment
$67,718 CAD (2024)
Improvements Assessment
$87,970 CAD (2024)
Total Assessment
$155,688 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R4-1 (R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 districts. The floor area ratio (FAR) of 0.75.) |
| R4-1 (R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 districts. The floor area ratio (FAR) of 0.75.) |
-
Devang Patel -
Douglas Elliman Commercial
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9534-9540 104th St
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