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1884-1892 Grand Ave 5 Unit Apartment Building $3,000,000 ($600,000/Unit) 6.50% Cap Rate Baldwin, NY 11510
INVESTMENT HIGHLIGHTS
- Two story brick building - 5 Stores & 5 Apts
- 100% Occupancy.
EXECUTIVE SUMMARY
Two story brick building - 5 Stores & 5 Apts
About a mile north of Sunrise on the Northwest corner of Grand Ave. & St. Luke's Place.
About a mile north of Sunrise on the Northwest corner of Grand Ave. & St. Luke's Place.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$301,488
|
$31.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$301,488
|
$31.24
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$106,616
|
$11.05
|
| Net Operating Income |
$194,872
|
$20.19
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $301,488 |
| Annual Per SF | $31.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $301,488 |
| Annual Per SF | $31.24 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $106,616 |
| Annual Per SF | $11.05 |
| Net Operating Income | |
|---|---|
| Annual | $194,872 |
| Annual Per SF | $20.19 |
PROPERTY FACTS
| Price | $3,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $600,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 6.50% | Building Size | 9,650 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Zoning | B-MX - Baldwin Mixed Use Zoning District | ||
| Price | $3,000,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 9,650 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | B-MX - Baldwin Mixed Use Zoning District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Smoke Detector
ABOUT 1884-1892 GRAND AVE , BALDWIN, NY 11510
Small shopping center with 10 units (5 stores & 5 apts) & five parking spaces.
1 1
Walk Score®
Very Walkable (82)
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1884-1892 Grand Ave
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