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14 36 26th Ave, Astoria 26-04 18th St 8 Unit Apartment Building $2,500,000 ($312,500/Unit) 8.64% Cap Rate Astoria, NY 11102
Investment Highlights
- Buyer gets additional income from Laundromat
- Corner property
Executive Summary
This is a unique opportunity to purchase a multifamily building with 7 residential units and 1 commercial unit. In addition, the buyer will take over an existing laundromat business that generates approximately $96,000 per year in additional income.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$205,020
|
$28.17
|
| Other Income |
$96,000
|
$13.19
|
| Vacancy Loss |
$6,150
|
$0.84
|
| Effective Gross Income |
$294,870
|
$40.51
|
| Taxes |
$34,915
|
$4.80
|
| Operating Expenses |
$43,932
|
$6.04
|
| Total Expenses |
$78,847
|
$10.83
|
| Net Operating Income |
$216,023
|
$29.68
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $205,020 |
| Annual Per SF | $28.17 |
| Other Income | |
|---|---|
| Annual | $96,000 |
| Annual Per SF | $13.19 |
| Vacancy Loss | |
|---|---|
| Annual | $6,150 |
| Annual Per SF | $0.84 |
| Effective Gross Income | |
|---|---|
| Annual | $294,870 |
| Annual Per SF | $40.51 |
| Taxes | |
|---|---|
| Annual | $34,915 |
| Annual Per SF | $4.80 |
| Operating Expenses | |
|---|---|
| Annual | $43,932 |
| Annual Per SF | $6.04 |
| Total Expenses | |
|---|---|
| Annual | $78,847 |
| Annual Per SF | $10.83 |
| Net Operating Income | |
|---|---|
| Annual | $216,023 |
| Annual Per SF | $29.68 |
Property Facts
| Price | $2,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $312,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.64% | Building Size | 7,279 SF |
| No. Units | 8 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R6B/C1-3 - The C1-3 com'l overlay permits a FAR of 2.0. The entire 1st level can eventually become retail space & the 2nd level can be office space. | ||
| Price | $2,500,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 8.64% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 7,279 SF |
| Average Occupancy | 88% |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R6B/C1-3 - The C1-3 com'l overlay permits a FAR of 2.0. The entire 1st level can eventually become retail space & the 2nd level can be office space. |
Amenities
Unit Amenities
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Instant Hot Water
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- On-Site Retail
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+1.5 | 6 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 00901-0042 | Total Assessment | $279,319 |
| Land Assessment | $5,324 | Annual Taxes | $34,915 ($4.80/SF) |
| Improvements Assessment | $273,995 | Tax Year | 2025 |
Property Taxes
Parcel Number
00901-0042
Land Assessment
$5,324
Improvements Assessment
$273,995
Total Assessment
$279,319
Annual Taxes
$34,915 ($4.80/SF)
Tax Year
2025
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14 36 26th Ave, Astoria | 26-04 18th St
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