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ideal 1031 Investment or User 1 Multifamily Properties Offered at $1,500,000 in Middle Village, NY
Executive Summary
Two brick corner buildings side by side
68-03 76th St and 68-05 76th St, Middle Village, NY 11379
6803 consists of 3 units: a store on the ground, 1 bdrm vacant, and a 3-bedroom apartment on the 2nd. With a basement, all tenants in the units pay for heat and hot water.
68-05 consists of 2 3 bdrm apartments; the 1st floor is vacant, and tenants pay for their own heat and hot water.
68-03 76th St and 68-05 76th St, Middle Village, NY 11379
6803 consists of 3 units: a store on the ground, 1 bdrm vacant, and a 3-bedroom apartment on the 2nd. With a basement, all tenants in the units pay for heat and hot water.
68-05 consists of 2 3 bdrm apartments; the 1st floor is vacant, and tenants pay for their own heat and hot water.
Taxes & Operating Expenses (Pro Forma - 2026) |
Annual |
|---|---|
| Gross Rental Income |
$160,800
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$160,800
|
| Taxes |
$19,240
|
| Operating Expenses |
$9,200
|
| Total Expenses |
$28,440
|
| Net Operating Income |
$132,360
|
Taxes & Operating Expenses (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $160,800 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $160,800 |
| Taxes | |
|---|---|
| Annual | $19,240 |
| Operating Expenses | |
|---|---|
| Annual | $9,200 |
| Total Expenses | |
|---|---|
| Annual | $28,440 |
| Net Operating Income | |
|---|---|
| Annual | $132,360 |
Property Facts
| Price | $1,500,000 | Status | Active |
| Price / SF | $468.75 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.79% | Total Building Size | 3,200 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.03 AC |
| Price | $1,500,000 |
| Price / SF | $468.75 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.79% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,200 SF |
| Total Land Area | 0.03 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 6803 76th St, Middle Village, NY 11379 | Multifamily | 3,200 SF | 1930 | - |
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ideal 1031 Investment or User