Log In/Sign Up
Your email has been sent.
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
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (77)
Bike Score®
Very Bikeable (84)
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
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
14 36 26th Ave, Astoria | 26-04 18th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.