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546 W 188th St 4 Unit Apartment Building $1,599,999 ($400,000/Unit) 7.72% Cap Rate New York, NY 10040
Investment Highlights
- One block from 1 train
- Close to George Washington Bridge
Executive Summary
Well maintained legal 4 family residential building
4 one bedroom apartments
Great location
near Yeshiva University
Short walk to 1 and A train
4 one bedroom apartments
Great location
near Yeshiva University
Short walk to 1 and A train
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$123,468
|
$33.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,468
|
$33.19
|
| Taxes |
$6,848
|
$1.84
|
| Operating Expenses |
$17,525
|
$4.71
|
| Total Expenses |
$24,373
|
$6.55
|
| Net Operating Income |
$99,095
|
$26.64
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $123,468 |
| Annual Per SF | $33.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $123,468 |
| Annual Per SF | $33.19 |
| Taxes | |
|---|---|
| Annual | $6,848 |
| Annual Per SF | $1.84 |
| Operating Expenses | |
|---|---|
| Annual | $17,525 |
| Annual Per SF | $4.71 |
| Total Expenses | |
|---|---|
| Annual | $24,373 |
| Annual Per SF | $6.55 |
| Net Operating Income | |
|---|---|
| Annual | $99,095 |
| Annual Per SF | $26.64 |
Property Facts
| Price | $1,599,999 | Apartment Style | Mid-Rise |
| Price Per Unit | $400,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 7.72% | Building Size | 3,720 SF |
| Sale Condition | 1031 Exchange | No. Stories | 4 |
| No. Units | 4 | Year Built | 1920 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R7-2 - Medium-Density Apartment House District with Lower Parking Requirements. | ||
| Price | $1,599,999 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 7.72% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 3,720 SF |
| No. Stories | 4 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | R7-2 - Medium-Density Apartment House District with Lower Parking Requirements. |
Amenities
Unit Amenities
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,663 | 930 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 2158-0015 | Total Assessment | $54,926 (2025) |
| Land Assessment | $32,226 (2025) | Annual Taxes | $6,848 ($1.84/SF) |
| Improvements Assessment | $22,700 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2158-0015
Land Assessment
$32,226 (2025)
Improvements Assessment
$22,700 (2025)
Total Assessment
$54,926 (2025)
Annual Taxes
$6,848 ($1.84/SF)
Tax Year
2026
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Presented by
Cooltone Ltd
546 W 188th St
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