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3545 Crescent St 12 Unit Apartment Building $2,500,000 ($208,333/Unit) 5.80% Cap Rate Astoria, NY 11106
EXECUTIVE SUMMARY
KW Commercial and Sarri Realty Global have been exclusively retained for the sale of the double property in Astoria, NY.
This is an amazing opportunity to purchase two connected side-by-side multifamily properties of 6 units each, with a parking lot and garages in the back.
About the Buildings:
• 1941 construction, 3 Story apartment building
• 12 residential units
5 One Bedrooms
7 Two Bedrooms
6 parking spots
• 8,750 square feet
• Gated parking lot with 6 indoor parking spaces
• Each unit is separately metered for gas and electric
• Both are protected tax class 2A
This is an amazing opportunity to purchase two connected side-by-side multifamily properties of 6 units each, with a parking lot and garages in the back.
About the Buildings:
• 1941 construction, 3 Story apartment building
• 12 residential units
5 One Bedrooms
7 Two Bedrooms
6 parking spots
• 8,750 square feet
• Gated parking lot with 6 indoor parking spaces
• Each unit is separately metered for gas and electric
• Both are protected tax class 2A
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$231,000
|
$26.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$231,000
|
$26.40
|
| Taxes |
$47,600
|
$5.44
|
| Operating Expenses |
$32,000
|
$3.66
|
| Total Expenses |
$79,600
|
$9.10
|
| Net Operating Income |
$151,400
|
$17.30
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $231,000 |
| Annual Per SF | $26.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $231,000 |
| Annual Per SF | $26.40 |
| Taxes | |
|---|---|
| Annual | $47,600 |
| Annual Per SF | $5.44 |
| Operating Expenses | |
|---|---|
| Annual | $32,000 |
| Annual Per SF | $3.66 |
| Total Expenses | |
|---|---|
| Annual | $79,600 |
| Annual Per SF | $9.10 |
| Net Operating Income | |
|---|---|
| Annual | $151,400 |
| Annual Per SF | $17.30 |
PROPERTY FACTS
| Price | $2,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $208,333 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 8,750 SF |
| Cap Rate | 5.80% | Average Occupancy | 0% |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 3 |
| No. Units | 12 | Year Built | 1941 |
| Property Type | Multifamily | Parking Ratio | 0.69/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R5 - Medium density district with a height limit of 40 feet. | ||
| Price | $2,500,000 |
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.07 AC |
| Building Size | 8,750 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1941 |
| Parking Ratio | 0.69/1,000 SF |
| Zoning | R5 - Medium density district with a height limit of 40 feet. |
AMENITIES
SITE AMENITIES
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 00339-0016 | Total Assessment | $179,460 |
| Land Assessment | $2,553 | Annual Taxes | $47,600 ($5.44/SF) |
| Improvements Assessment | $176,907 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
00339-0016
Land Assessment
$2,553
Improvements Assessment
$176,907
Total Assessment
$179,460
Annual Taxes
$47,600 ($5.44/SF)
Tax Year
2025
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3545 Crescent St
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