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150-15 Northern Blvd 6 Unit Apartment Building $3,400,000 ($566,667/Unit) 4.82% Cap Rate Flushing, NY 11354
Investment Highlights
- Heavy daytime traffic
- this area continues to develop and new business coming
- The Building is easy to manage and well maintaine
Executive Summary
for investor
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$252,600
|
$49.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$252,600
|
$49.56
|
| Taxes |
$78,335
|
$15.37
|
| Operating Expenses |
$10,300
|
$2.02
|
| Total Expenses |
$88,635
|
$17.39
|
| Net Operating Income |
$163,965
|
$32.17
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $252,600 |
| Annual Per SF | $49.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $252,600 |
| Annual Per SF | $49.56 |
| Taxes | |
|---|---|
| Annual | $78,335 |
| Annual Per SF | $15.37 |
| Operating Expenses | |
|---|---|
| Annual | $10,300 |
| Annual Per SF | $2.02 |
| Total Expenses | |
|---|---|
| Annual | $88,635 |
| Annual Per SF | $17.39 |
| Net Operating Income | |
|---|---|
| Annual | $163,965 |
| Annual Per SF | $32.17 |
Property Facts
| Price | $3,400,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $566,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 4.82% | Building Size | 5,097 SF |
| Sale Condition | Building in Shell Condition | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment | ||
| Zoning | R6A/C2-2 - medium-density, contextual residential district (R6A) with a commercial overlay (C2-2). | ||
| Price | $3,400,000 |
| Price Per Unit | $566,667 |
| Sale Type | Investment |
| Cap Rate | 4.82% |
| Sale Condition | Building in Shell Condition |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 5,097 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2005 |
| Zoning | R6A/C2-2 - medium-density, contextual residential district (R6A) with a commercial overlay (C2-2). |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Wheelchair Accessible (Rooms)
Site Amenities
- Elevator
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (73)
Property Taxes
| Parcel Number | 05008-0032 | Total Assessment | $676,705 (2025) |
| Land Assessment | $40,318 (2025) | Annual Taxes | $78,335 ($15.37/SF) |
| Improvements Assessment | $636,387 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
05008-0032
Land Assessment
$40,318 (2025)
Improvements Assessment
$636,387 (2025)
Total Assessment
$676,705 (2025)
Annual Taxes
$78,335 ($15.37/SF)
Tax Year
2024
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Photos
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Map
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Presented by
Full Score Realty Inc.
150-15 Northern Blvd
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