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Investment Highlights

  • Corner property

Executive Summary

This is a unique opportunity to purchase a multifamily building with 7 residential units and 1 commercial unit.

Financial Summary (Actual - 2026)

Annual Annual Per SF
Gross Rental Income $217,020 $29.81
Other Income - -
Vacancy Loss $6,510 $0.89
Effective Gross Income $210,510 $28.92
Taxes $34,915 $4.80
Operating Expenses $43,932 $6.04
Total Expenses $78,847 $10.83
Net Operating Income $131,663 $18.09

Financial Summary (Actual - 2026)

Gross Rental Income
Annual $217,020
Annual Per SF $29.81
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $6,510
Annual Per SF $0.89
Effective Gross Income
Annual $210,510
Annual Per SF $28.92
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 $131,663
Annual Per SF $18.09

Property Facts

Price $2,300,000
Price Per Unit $287,500
Sale Type Investment
Cap Rate 5.72%
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 100%
No. Stories 4
Year Built 1931
Zoning R6B/C1-3

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 - -
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
00901-0042
Land Assessment
$5,631
Improvements Assessment
$273,688
Total Assessment
$279,319
Annual Taxes
$34,915 ($4.80/SF)
Tax Year
2026
  • Listing ID: 36541839

  • Date on Market: 6/30/2025

  • Last Updated:

  • Address: 26-04 18th St, Astoria, NY 11102

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