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7962 68th Ave 6 Unit Apartment Building $1,750,000 ($291,667/Unit) Middle Village, NY 11379
EXECUTIVE SUMMARY
First Time on the Market-Great Opportunity to Purchase this Three Story Mixed Use Building in the Heart of Middle Village. Six Fully Leased One and Two Bedroom Apartments. Lower Level for Professional Use. 6 Parking Spaces. Close to Transportation, Shopping, and School.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$160,000
|
$43.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$160,000
|
$43.64
|
| Taxes |
$38,000
|
$10.37
|
| Operating Expenses |
$22,247
|
$6.07
|
| Total Expenses |
$60,247
|
$16.43
|
| Net Operating Income |
$99,753
|
$27.21
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $160,000 |
| Annual Per SF | $43.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $160,000 |
| Annual Per SF | $43.64 |
| Taxes | |
|---|---|
| Annual | $38,000 |
| Annual Per SF | $10.37 |
| Operating Expenses | |
|---|---|
| Annual | $22,247 |
| Annual Per SF | $6.07 |
| Total Expenses | |
|---|---|
| Annual | $60,247 |
| Annual Per SF | $16.43 |
| Net Operating Income | |
|---|---|
| Annual | $99,753 |
| Annual Per SF | $27.21 |
PROPERTY FACTS
| Price | $1,750,000 | Building Class | C |
| Price Per Unit | $291,667 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 3,666 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Low-Rise | Parking Ratio | 1.9/1,000 SF |
| Zoning | R4 | ||
| Price | $1,750,000 |
| Price Per Unit | $291,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,666 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | R4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 03783-0038 | Total Assessment | $331,452 (2025) |
| Land Assessment | $6,507 (2025) | Annual Taxes | $38,000 ($10.37/SF) |
| Improvements Assessment | $324,945 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03783-0038
Land Assessment
$6,507 (2025)
Improvements Assessment
$324,945 (2025)
Total Assessment
$331,452 (2025)
Annual Taxes
$38,000 ($10.37/SF)
Tax Year
2024
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7962 68th Ave
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