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9534-9540 104th St 8 Unit Apartment Building $3,500,000 ($437,500/Unit) 5.46% Cap Rate Ozone Park, NY 11416
INVESTMENT HIGHLIGHTS
- corner property
- fully rented
EXECUTIVE SUMMARY
Welcome to 95-34/36/38/40 104th Street, Jamaica, NY, where a unique opportunity awaits you with four multifamily townhomes. This exceptional property comprises four 2- family homes on a single lot. Each townhome boasts two distinct apartments, offering versatile living spaces for residents. With a total of 8 units, this property presents an excellent investment opportunity in the vibrant neighborhood of Jamaica, Queens. The financials of this investment property further underscore its appeal. The Owner Operating Income stands at $217,800. Owner Operating Expenses $26,715, ensuring a well-maintained and profitable investment. The Net Operating Income of $191,085
showcases the financial viability and long-term value of this property.
showcases the financial viability and long-term value of this property.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,500,000 | Building Class | C |
| Price Per Unit | $437,500 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 6,166 SF |
| Cap Rate | 5.46% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4-1 - R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 districts. The floor area ratio (FAR) of 0.75. | ||
| Price | $3,500,000 |
| Price Per Unit | $437,500 |
| Sale Type | Investment |
| Cap Rate | 5.46% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,166 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
| Zoning | R4-1 - R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 districts. The floor area ratio (FAR) of 0.75. |
AMENITIES
UNIT AMENITIES
- Basement
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 8 | - | - |
1 1
Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (81)
PROPERTY TAXES
| Parcel Number | 09383-0023 | Total Assessment | $113,400 (2025) |
| Land Assessment | $48,150 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $65,250 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
09383-0023
Land Assessment
$48,150 (2025)
Improvements Assessment
$65,250 (2025)
Total Assessment
$113,400 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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9534-9540 104th St
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