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40-21 69th St 5 Unit Apartment Building $2,130,000 ($426,000/Unit) 5.01% Cap Rate Flushing, NY 11377
Executive Summary
THIS IS MIX-USE BUILDING WITH 1 COMMERCIAL & 5 RESIDENTIAL (TWO STUDIO, TWO ONE BED, ONE 3BED).
4TH FLOOR WITH 6 UNITS. LOT 1,701SF, B/D TOTAL 4,160 SF. THE BUILDING IS FULLY RENTED, TENANT PAY OWN UTILITIES.
GROSS INCOME IS $162,914/YR.
VERY WELL MAINTAINED PROPERTY, PRIME LOCATION.
CLOSE 69ST,ROOSEVELT AVE-JACKSON HEIGHTS STATION.
PERFECT FOR INVESTOR.
FOR MORE DETAILS, COULD YOU CALL OR TEXT L/B THOMAS)646-812-7452
4TH FLOOR WITH 6 UNITS. LOT 1,701SF, B/D TOTAL 4,160 SF. THE BUILDING IS FULLY RENTED, TENANT PAY OWN UTILITIES.
GROSS INCOME IS $162,914/YR.
VERY WELL MAINTAINED PROPERTY, PRIME LOCATION.
CLOSE 69ST,ROOSEVELT AVE-JACKSON HEIGHTS STATION.
PERFECT FOR INVESTOR.
FOR MORE DETAILS, COULD YOU CALL OR TEXT L/B THOMAS)646-812-7452
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$162,924
|
$37.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$162,924
|
$37.03
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$56,210
|
$12.78
|
| Net Operating Income |
$106,714
|
$24.25
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $162,924 |
| Annual Per SF | $37.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $162,924 |
| Annual Per SF | $37.03 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $56,210 |
| Annual Per SF | $12.78 |
| Net Operating Income | |
|---|---|
| Annual | $106,714 |
| Annual Per SF | $24.25 |
Property Facts
| Price | $2,130,000 | Property Subtype | Apartment |
| Price Per Unit | $426,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.01% | Lot Size | 0.04 AC |
| Sale Condition | Building in Shell Condition | Building Size | 4,400 SF |
| No. Units | 5 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2006 |
| Zoning | R5D | ||
| Price | $2,130,000 |
| Price Per Unit | $426,000 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Sale Condition | Building in Shell Condition |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 4,400 SF |
| No. Stories | 4 |
| Year Built | 2006 |
| Zoning | R5D |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01301-0026 | Improvements Assessment | $211,140 |
| Land Assessment | $79,200 | Total Assessment | $290,340 |
Property Taxes
Parcel Number
01301-0026
Land Assessment
$79,200
Improvements Assessment
$211,140
Total Assessment
$290,340
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40-21 69th St
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