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4326 58th St 6 Unit Apartment Building $1,695,000 ($282,500/Unit) 6.49% Cap Rate Woodside, NY 11377
INVESTMENT HIGHLIGHTS
- Fully Dethatched 3 car garage
- New Boiler & New Roof
- One Of The Apartments Can Be Delivered Vacant
EXECUTIVE SUMMARY
Rare opportunity to own a 6 family building with 5 FREE MARKET UNITS and lots of upside. Situated in a prime location right off Queens Blvd., and just steps away from the subway. Lots of new developments going up in the area bringing lots of growth and potential to the location.
Income:
Unit 1F $1,600 *only unit that is a 1 bedroom
Unit 1R $2,000
Unit 2F $1,800 (occupied by super)
Unit 2R $2,250
Unit 3F $2,260
Unit 3R $1,936 (rent stabilized unit)
3 Parking spaces $225 each
Total Annual Gross Income $150,252
* All of the apartments are 2 bedrooms except for 1F
Expenses:
Taxes $21,992
Insurance $4,400
Heating $9,500
Electric PLP $1,440
Water $4,080
Total Annual Expenses $40,420
Net Income $109,832
Income:
Unit 1F $1,600 *only unit that is a 1 bedroom
Unit 1R $2,000
Unit 2F $1,800 (occupied by super)
Unit 2R $2,250
Unit 3F $2,260
Unit 3R $1,936 (rent stabilized unit)
3 Parking spaces $225 each
Total Annual Gross Income $150,252
* All of the apartments are 2 bedrooms except for 1F
Expenses:
Taxes $21,992
Insurance $4,400
Heating $9,500
Electric PLP $1,440
Water $4,080
Total Annual Expenses $40,420
Net Income $109,832
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$150,252
|
$43.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$150,252
|
$43.18
|
| Taxes |
$21,922
|
$6.30
|
| Operating Expenses |
$18,420
|
$5.29
|
| Total Expenses |
$40,342
|
$11.59
|
| Net Operating Income |
$109,910
|
$31.58
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $150,252 |
| Annual Per SF | $43.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $150,252 |
| Annual Per SF | $43.18 |
| Taxes | |
|---|---|
| Annual | $21,922 |
| Annual Per SF | $6.30 |
| Operating Expenses | |
|---|---|
| Annual | $18,420 |
| Annual Per SF | $5.29 |
| Total Expenses | |
|---|---|
| Annual | $40,342 |
| Annual Per SF | $11.59 |
| Net Operating Income | |
|---|---|
| Annual | $109,910 |
| Annual Per SF | $31.58 |
PROPERTY FACTS
| Price | $1,695,000 | Building Class | C |
| Price Per Unit | $282,500 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 3,480 SF |
| Cap Rate | 6.49% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 0.86/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R5B | ||
| Price | $1,695,000 |
| Price Per Unit | $282,500 |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,480 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | R5B |
AMENITIES
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,550 | 550 |
| 2+2 | 5 | $2,015 | 600 |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 01330-0033 | Total Assessment | $175,377 (2025) |
| Land Assessment | $2,406 (2025) | Annual Taxes | $21,922 ($6.30/SF) |
| Improvements Assessment | $172,971 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01330-0033
Land Assessment
$2,406 (2025)
Improvements Assessment
$172,971 (2025)
Total Assessment
$175,377 (2025)
Annual Taxes
$21,922 ($6.30/SF)
Tax Year
2024
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4326 58th St
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