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12 Unit Multi-Family, 7.26% Cap Rate 4132 53rd St 12 Unit Apartment Building $3,350,000 ($279,167/Unit) 7.26% Cap Rate Woodside, NY 11377
INVESTMENT HIGHLIGHTS
- Prime location
- Excellent condition, all units renovated, all lead free.
- Easy Self management with onsite super, eliminates need for outside management expense.
- High rental income
- Reasonable expenses
- 3% Buyers agent commission
EXECUTIVE SUMMARY
12 Family building next to Roosevelt Avenue,
One block from Sunnyside & 15 min
to Manhattan. Desirable location
Only Half a Block from 52nd St. Woodside, #7 Train, a 5 min walk
from the LIRR 61st St Station.
Building is in excellent condition. All units renovated. All units lead free.
Market rate rents.
Six 1 bedroom and Six large studio apts.
Multi-zoned property. Residential or mixed, residential/commercial.{residential/retail/professional office}
Buildable additional space 1381sq ft. Full unfinished basement with possibilities for additional income.
Rental income over $298,041
Expenses $54,771 Net income $243,270
Buyers agent commission 3%.
Call Raymond Pastore 718-224-1818
One block from Sunnyside & 15 min
to Manhattan. Desirable location
Only Half a Block from 52nd St. Woodside, #7 Train, a 5 min walk
from the LIRR 61st St Station.
Building is in excellent condition. All units renovated. All units lead free.
Market rate rents.
Six 1 bedroom and Six large studio apts.
Multi-zoned property. Residential or mixed, residential/commercial.{residential/retail/professional office}
Buildable additional space 1381sq ft. Full unfinished basement with possibilities for additional income.
Rental income over $298,041
Expenses $54,771 Net income $243,270
Buyers agent commission 3%.
Call Raymond Pastore 718-224-1818
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $279,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.26% | Building Size | 5,208 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1931/2018 |
| Property Subtype | Apartment | ||
| Zoning | R6, C1-4 - R6- Medium density residential district. R5D,C1-4 Mixed use | ||
| Price | $3,350,000 |
| Price Per Unit | $279,167 |
| Sale Type | Investment |
| Cap Rate | 7.26% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,208 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1931/2018 |
| Zoning | R6, C1-4 - R6- Medium density residential district. R5D,C1-4 Mixed use |
AMENITIES
UNIT AMENITIES
- Kitchen
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Basement
SITE AMENITIES
- 24 Hour Access
- Trash Pickup - Curbside
- Wi-Fi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 420 |
| 1+1 | 6 | - | 420 |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 01315-0070 | Total Assessment | $393,030 (2025) |
| Land Assessment | $72,900 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $320,130 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01315-0070
Land Assessment
$72,900 (2025)
Improvements Assessment
$320,130 (2025)
Total Assessment
$393,030 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Raymond Pastore
12 Unit Multi-Family, 7.26% Cap Rate | 4132 53rd St
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