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2610 18th St
Long Island City, NY 11102
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Excellent Tax Shelter with near-term Equity Appreciation Potential; Desireable Location nr Astoria Park and every form of Mass Transit
- Attractive cap rate as interest rates are expected to be reduced as a result of the Fed Reserve's plan to initiate several rate cuts;
- updated 'smart' electric meters w/circuit breakers panels in each apt & in the bsmt; 2 relatively new boilers - Gas steam heat & hot water
- Multiple income streams! All units have similar layouts consisting of 4 rooms with 2 private bedrooms ('box-styled')
- Recently paved sidewalk w/recently installed new entrance stoop and stainless steel building entrance door; recently paved rear courtyd
- Low tenant tunrove - steady income; easy to rent affordable housing units
Property Facts
Amenities
Unit Amenities
- Heating
- Hardwood Floors
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | $1,900 | 450 - 500 |
Property Taxes
| Parcel Number | 00901-0045 | Improvements Assessment | $499,410 |
| Land Assessment | $54,000 | Total Assessment | $553,410 |
Property Taxes
Parcel Number
00901-0045
Land Assessment
$54,000
Improvements Assessment
$499,410
Total Assessment
$553,410
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