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4014 191st St 4 Unit Apartment Building $1,399,000 ($349,750/Unit) Flushing, NY 11358
EXECUTIVE SUMMARY
WELCOME TO THIS METICULOUSLY MAINTAINED 4 FAMILY SITUATED IN A HIGHLY SOUGHT AFTER NEIGHBORHOOD IN FLUSHING. THIS PROPERTY OFFERS AN INCREDIBLE OPPORTUNITY FOR BOTH SEASONED INVESTORS AND FIRST TIME BUYERS LOOKING TO GENERATE RENTAL INCOME. THE PROPERTY HAS BEEN THOROUGHLY MAINTAINED AND IS IN GREAT CONDITION. THE PROPERTRY HAS A PROVEN TRACK RECORD OF CONSISTENT RENTAL INCOME, WITH TENANTS IN PLACE WHO TREAT THE PROPERTY WITH CARE. THE DEMAND FOR RENTAL UNITS IN THE AREA REMAINS HIGH, OFFERING EXCELLENT POTENTIAL FOR FUTURE GROWTH. CONVENIENTLY LOCATED CLOSE TO THE TRAIN STATION. DON’T MISS THIS OPPORTUNITY TO OWN THIS GEM. CALL TODAY!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$92,400
|
$33.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$92,400
|
$33.62
|
| Taxes |
$27,162
|
$9.88
|
| Operating Expenses |
$10,281
|
$3.74
|
| Total Expenses |
$37,443
|
$13.63
|
| Net Operating Income |
$54,957
|
$20.00
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $92,400 |
| Annual Per SF | $33.62 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $92,400 |
| Annual Per SF | $33.62 |
| Taxes | |
|---|---|
| Annual | $27,162 |
| Annual Per SF | $9.88 |
| Operating Expenses | |
|---|---|
| Annual | $10,281 |
| Annual Per SF | $3.74 |
| Total Expenses | |
|---|---|
| Annual | $37,443 |
| Annual Per SF | $13.63 |
| Net Operating Income | |
|---|---|
| Annual | $54,957 |
| Annual Per SF | $20.00 |
PROPERTY FACTS
| Price | $1,399,000 | Building Class | C |
| Price Per Unit | $349,750 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 2,748 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Low-Rise | ||
| Zoning | R4 | ||
| Price | $1,399,000 |
| Price Per Unit | $349,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 2,748 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (71)
PROPERTY TAXES
| Parcel Number | 05355-0029 | Total Assessment | $234,672 (2025) |
| Land Assessment | $134,812 (2025) | Annual Taxes | $27,162 ($9.88/SF) |
| Improvements Assessment | $99,860 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
05355-0029
Land Assessment
$134,812 (2025)
Improvements Assessment
$99,860 (2025)
Total Assessment
$234,672 (2025)
Annual Taxes
$27,162 ($9.88/SF)
Tax Year
2024
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4014 191st St
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