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50% FREE MARKET, 1 VACANCY in RS UNIT 3155 35th St 6 Unit Apartment Building $2,490,000 ($415,000/Unit) 6.43% Cap Rate Long Island City, NY 11106
Executive Summary
6 Apartments, 50% FREE MARKET, 1 Vacancy
$17,500 Gross Income, $210k Annual
$50k Expenses, $160k Net Income
6.4% CAP Rate, 11.9x GRM with Upside on Rents
Prime A+ Astoria Location
Apartments are renovated, building is in good condition.
Contact Listing Broker for more information.
$17,500 Gross Income, $210k Annual
$50k Expenses, $160k Net Income
6.4% CAP Rate, 11.9x GRM with Upside on Rents
Prime A+ Astoria Location
Apartments are renovated, building is in good condition.
Contact Listing Broker for more information.
Property Facts
| Price | $2,490,000 | Property Subtype | Apartment |
| Price Per Unit | $415,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.43% | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 11.9 | Building Size | 5,025 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Zoning | R6 - Medium density residential district | ||
| Price | $2,490,000 |
| Price Per Unit | $415,000 |
| Sale Type | Investment |
| Cap Rate | 6.43% |
| Gross Rent Multiplier | 11.9 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,025 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | R6 - Medium density residential district |
Amenities
Unit Amenities
- Hardwood Floors
- Stainless Steel Appliances
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 984 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00648-0019 | Improvements Assessment | $174,051 |
| Land Assessment | $2,143 | Total Assessment | $176,194 |
Property Taxes
Parcel Number
00648-0019
Land Assessment
$2,143
Improvements Assessment
$174,051
Total Assessment
$176,194
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50% FREE MARKET, 1 VACANCY in RS UNIT | 3155 35th St
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