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546 W 188th St 4 Unit Apartment Building $1,800,000 ($450,000/Unit) 6% 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
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$96,000
|
$25.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$96,000
|
$25.81
|
| Taxes |
$6,600
|
$1.77
|
| Operating Expenses |
$16,000
|
$4.30
|
| Total Expenses |
$22,600
|
$6.08
|
| Net Operating Income |
$73,400
|
$19.73
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $96,000 |
| Annual Per SF | $25.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $96,000 |
| Annual Per SF | $25.81 |
| Taxes | |
|---|---|
| Annual | $6,600 |
| Annual Per SF | $1.77 |
| Operating Expenses | |
|---|---|
| Annual | $16,000 |
| Annual Per SF | $4.30 |
| Total Expenses | |
|---|---|
| Annual | $22,600 |
| Annual Per SF | $6.08 |
| Net Operating Income | |
|---|---|
| Annual | $73,400 |
| Annual Per SF | $19.73 |
PROPERTY FACTS
| Price | $1,800,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $450,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 6% | 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 | $1,800,000 |
| Price Per Unit | $450,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| 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 | $2,275 | 930 |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 2158-0015 | Total Assessment | $54,926 (2025) |
| Land Assessment | $32,226 (2025) | Annual Taxes | $6,600 ($1.77/SF) |
| Improvements Assessment | $22,700 (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
2158-0015
Land Assessment
$32,226 (2025)
Improvements Assessment
$22,700 (2025)
Total Assessment
$54,926 (2025)
Annual Taxes
$6,600 ($1.77/SF)
Tax Year
2022
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Presented by
Cooltone Ltd
546 W 188th St
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