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1362 Gipson St 6 Unit Apartment Building $1,199,998 ($200,000/Unit) 13% Cap Rate Far Rockaway, NY 11691
Executive Summary
Either restore 6 units, renovate it as 2 family dwelling, or ground up with 3 x 3 units with 3 ADUs. Will be delivered vacant.
Property Facts
| Price | $1,199,998 | Apartment Style | Low-Rise |
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 13% | Building Size | 6,502 SF |
| Sale Condition | Building in Shell Condition | No. Stories | 3 |
| No. Units | 6 | Year Built | 1931 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R3X | ||
| Price | $1,199,998 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 13% |
| Sale Condition | Building in Shell Condition |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 6,502 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R3X |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Moderately walkable
70/100
Fairly drivable
40/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 15663-0041 | Improvements Assessment | $223,970 |
| Land Assessment | $4,432 | Total Assessment | $228,402 |
Property Taxes
Parcel Number
15663-0041
Land Assessment
$4,432
Improvements Assessment
$223,970
Total Assessment
$228,402
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Contact the Sale Advisor
1362 Gipson St