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118-16 91st Ave 30 Unit Apartment Building $5,500,000 ($183,333/Unit) 7.37% Cap Rate Richmond Hill, NY 11418
EXECUTIVE SUMMARY
Net Operating Income: $405,609
30 Residential Units
Cell Tower Income ($24,671 per Annum)
Laundry Income ($15,000 per Annum)
Rents Below Legal Rent
Nearby Access to J, Z & A Subway Lines
30 Residential Units
Cell Tower Income ($24,671 per Annum)
Laundry Income ($15,000 per Annum)
Rents Below Legal Rent
Nearby Access to J, Z & A Subway Lines
PROPERTY FACTS Under Contract
| Price | $5,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $183,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.37% | Building Size | 21,000 SF |
| No. Units | 30 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R4A - a low-density, contextual residential zoning district in New York City, | ||
| Price | $5,500,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| Cap Rate | 7.37% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 21,000 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R4A - a low-density, contextual residential zoning district in New York City, |
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Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (89)
PROPERTY TAXES
| Parcel Number | 09350-0006 | Improvements Assessment | $540,810 |
| Land Assessment | $126,000 | Total Assessment | $666,810 |
PROPERTY TAXES
Parcel Number
09350-0006
Land Assessment
$126,000
Improvements Assessment
$540,810
Total Assessment
$666,810
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118-16 91st Ave
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