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Multi Units Apartment Building 10407 Otis Ave 12 Unit Apartment Building $3,800,000 ($316,667/Unit) 5.50% Cap Rate Corona, NY 11368
Investment Highlights
- Please Send Us a Business Card + Client Preapproval/ POF To L/A David 718-490-1366.
- Built 2008 With 25 Years Tax Abatement
Executive Summary
12 Apt Units, Well Maintained, Total 10,607 Sq. 4 Stories Plus Full Finished Basement, 6 Car Parking Space, Built 2008 With 25 Years Tax Abatement, All Tenants Pay Their Own Heating, 1 Block To Li Expwy, Close To Queens Center Mall, CAP Rate 5.6%, Showing Request; Please Send Us a Business Card + Client Preapproval/ POF To L/A David 718-490-1366.
Property Facts
| Price | $3,800,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $316,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.50% | Building Size | 10,607 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2008 |
| Property Subtype | Apartment | Parking Ratio | 0.57/1,000 SF |
| Zoning | R6B - a medium-density residential zoning district that's designed to preserve the character of neighborhoods. | ||
| Price | $3,800,000 |
| Price Per Unit | $316,667 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 10,607 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2008 |
| Parking Ratio | 0.57/1,000 SF |
| Zoning | R6B - a medium-density residential zoning district that's designed to preserve the character of neighborhoods. |
Amenities
Unit Amenities
- Air Conditioning
- Eat-in Kitchen
Site Amenities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Walk Score®
Very Walkable (82)
Transit Score®
Rider's Paradise (90)
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | 01950-0178 | Improvements Assessment | $674,100 |
| Land Assessment | $78,750 | Total Assessment | $752,850 |
Property Taxes
Parcel Number
01950-0178
Land Assessment
$78,750
Improvements Assessment
$674,100
Total Assessment
$752,850
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Multi Units Apartment Building | 10407 Otis Ave
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