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41-45 49th St 6 Unit Apartment Building $1,425,000 ($237,500/Unit) 6.88% Cap Rate Long Island City, NY 11104
Investment Highlights
- 100% Rent-Stabilized, Fully Leased and Cash-Flowing
- Protected Tax Class 2A
- Steps to the 52nd Street [7] train
- (6) 2 Bedroom / 1 Bathroom Units
- Prime Sunnyside location near Roosevelt Avenue, Queens Boulevard and Greenpoint Avenue
- Ideal 1031 exchange or long-term investment opportunity
Property Facts
| Price | $1,425,000 | Apartment Style | Low-Rise |
| Price Per Unit | $237,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.88% | Building Size | 4,974 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment |
| Price | $1,425,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| Cap Rate | 6.88% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,974 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1926 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00134-0009 | Improvements Assessment | $181,983 |
| Land Assessment | $2,369 | Total Assessment | $184,352 |
Property Taxes
Parcel Number
00134-0009
Land Assessment
$2,369
Improvements Assessment
$181,983
Total Assessment
$184,352
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41-45 49th St
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