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1155 45th Ave 48 Unit Apartment Building $22,000,000 ($458,333/Unit) 6.22% Cap Rate Long Island City, NY 11101
EXECUTIVE SUMMARY
The Allaire located at 11-55 45th Avenue is a fully remodeled boutique luxury loft building in the heart of Long Island City and conveniently located a few blocks from the subway.
All apartments have been fully updated and the design modernized with the units now featuring elegant condo finishes and only the highest quality materials with Italian-made cabinetry, oak flooring, and Carrara marble-inspired bathrooms.
All apartments have been fully updated and the design modernized with the units now featuring elegant condo finishes and only the highest quality materials with Italian-made cabinetry, oak flooring, and Carrara marble-inspired bathrooms.
PROPERTY FACTS
| Price | $22,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $458,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.22% | Building Size | 45,707 SF |
| No. Units | 48 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1917 |
| Property Subtype | Apartment | Parking Ratio | 0.04/1,000 SF |
| Zoning | R6A / C1-5 / M1-4 - R6 - Medium density residential district | ||
| Price | $22,000,000 |
| Price Per Unit | $458,333 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 45,707 SF |
| No. Stories | 5 |
| Year Built | 1917 |
| Parking Ratio | 0.04/1,000 SF |
| Zoning | R6A / C1-5 / M1-4 - R6 - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Elevator
- Public Transportation
- Smoke Detector
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Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 00052-0001 | Improvements Assessment | $2,493,720 |
| Land Assessment | $450,000 | Total Assessment | $2,943,720 |
PROPERTY TAXES
Parcel Number
00052-0001
Land Assessment
$450,000
Improvements Assessment
$2,493,720
Total Assessment
$2,943,720
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1155 45th Ave
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