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Joshuas Path Apartments 1887 Joshuas Path 4 Unit Apartment Building $1,100,000 ($275,000/Unit) 8.55% Cap Rate Central Islip, NY 11722
INVESTMENT HIGHLIGHTS
- Possible student housing and Airbnb opportunities, centrally located.
- Close shops, transportation, airport.
EXECUTIVE SUMMARY
Portfolio sale of 1889 Joshuas Path and 1887 Joshuas Path apartments, rooms for rent, office and parking spaces.
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$121,200
|
$30.30
|
| Other Income |
$1,800
|
$0.45
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,000
|
$30.75
|
| Taxes |
$14,000
|
$3.50
|
| Operating Expenses |
$15,000
|
$3.75
|
| Total Expenses |
$29,000
|
$7.25
|
| Net Operating Income |
$94,000
|
$23.50
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $121,200 |
| Annual Per SF | $30.30 |
| Other Income | |
|---|---|
| Annual | $1,800 |
| Annual Per SF | $0.45 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $123,000 |
| Annual Per SF | $30.75 |
| Taxes | |
|---|---|
| Annual | $14,000 |
| Annual Per SF | $3.50 |
| Operating Expenses | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $3.75 |
| Total Expenses | |
|---|---|
| Annual | $29,000 |
| Annual Per SF | $7.25 |
| Net Operating Income | |
|---|---|
| Annual | $94,000 |
| Annual Per SF | $23.50 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Security System
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Wi-Fi
- Yard
- Grill
- Basement
- Breakfast Nook
- Dining Room
- Family Room
- Garden
- Lawn
- Linen Closet
- Mother-in-law Unit
- Office
- Pantry
- Patio
- Smoke Free
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Business Center
- Courtyard
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Playground
- Security System
- Car Wash Area
- Pet Play Area
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Wi-Fi
- Storage Space
- Bicycle Storage
- Car Charging Station
- Community-Wide WiFi
- Multi Use Room
- Public Transportation
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PROPERTY TAXES
| Parcel Number | 0500-097-00-01-00-075-000 | Total Assessment | $48,200 (2024) |
| Land Assessment | $9,400 (2024) | Annual Taxes | $14,000 ($3.50/SF) |
| Improvements Assessment | $38,800 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
0500-097-00-01-00-075-000
Land Assessment
$9,400 (2024)
Improvements Assessment
$38,800 (2024)
Total Assessment
$48,200 (2024)
Annual Taxes
$14,000 ($3.50/SF)
Tax Year
2022
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Joshuas Path Apartments | 1887 Joshuas Path
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