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6229 102nd St 8 Unit Apartment Building $2,500,000 ($312,500/Unit) 5% Cap Rate Rego Park, NY 11374
INVESTMENT HIGHLIGHTS
- 1 residential vacancy anticipated to lease out before end of year.
- Free-market building, with current cap rate of 5% and pro forma cap 7% to start in January
EXECUTIVE SUMMARY
Mixed us building for sale, 6 residential units and 2 commercial office units. Currently has one one residential vacancy. Free market building!
PROPERTY FACTS
| Price | $2,500,000 | Apartment Style | Garden |
| Price Per Unit | $312,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5% | Building Size | 6,020 SF |
| No. Units | 8 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1983 |
| Zoning | R4 - R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 districts | ||
| Price | $2,500,000 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 6,020 SF |
| Average Occupancy | 88% |
| No. Stories | 3 |
| Year Built | 1983 |
| Zoning | R4 - R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 districts |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (78)
Transit Score®
Rider's Paradise (98)
PROPERTY TAXES
| Parcel Number | 02122-0010 | Improvements Assessment | $334,440 |
| Land Assessment | $11,160 | Total Assessment | $345,600 |
PROPERTY TAXES
Parcel Number
02122-0010
Land Assessment
$11,160
Improvements Assessment
$334,440
Total Assessment
$345,600
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6229 102nd St
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