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2617 96th St 4 Unit Apartment Building $1,699,000 ($424,750/Unit) 4.47% Cap Rate East Elmhurst, NY 11369
Executive Summary
The property has three 2 bedroom apartments which were recently renovated and a one bedroom apartment. The property is fully occupied with one year leases.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$95,400
|
$27.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$95,400
|
$27.45
|
| Taxes |
$12,315
|
$3.54
|
| Operating Expenses |
$7,200
|
$2.07
|
| Total Expenses |
$19,515
|
$5.61
|
| Net Operating Income |
$75,885
|
$21.83
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $95,400 |
| Annual Per SF | $27.45 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $95,400 |
| Annual Per SF | $27.45 |
| Taxes | |
|---|---|
| Annual | $12,315 |
| Annual Per SF | $3.54 |
| Operating Expenses | |
|---|---|
| Annual | $7,200 |
| Annual Per SF | $2.07 |
| Total Expenses | |
|---|---|
| Annual | $19,515 |
| Annual Per SF | $5.61 |
| Net Operating Income | |
|---|---|
| Annual | $75,885 |
| Annual Per SF | $21.83 |
Property Facts
| Price | $1,699,000 | Apartment Style | Low-Rise |
| Price Per Unit | $424,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 4.47% | Building Size | 3,476 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1926/2020 |
| Property Subtype | Apartment | ||
| Zoning | R4 - allows a variety of housing types at a slightly higher density than R3-2 districts | ||
| Price | $1,699,000 |
| Price Per Unit | $424,750 |
| Sale Type | Investment |
| Cap Rate | 4.47% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,476 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1926/2020 |
| Zoning | R4 - allows a variety of housing types at a slightly higher density than R3-2 districts |
Amenities
Unit Amenities
- Air Conditioning
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | 01376-0050 | Total Assessment | $130,514 (2025) |
| Land Assessment | $79,980 (2025) | Annual Taxes | $12,315 ($3.54/SF) |
| Improvements Assessment | $50,534 (2025) | Tax Year | 2022 |
Property Taxes
Parcel Number
01376-0050
Land Assessment
$79,980 (2025)
Improvements Assessment
$50,534 (2025)
Total Assessment
$130,514 (2025)
Annual Taxes
$12,315 ($3.54/SF)
Tax Year
2022
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2617 96th St
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