12 Linden Pl
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12 Linden Pl
9 Unit Apartment Building $2,100,000 ($233,333/Unit) 7.13% Cap Rate Port Jefferson, NY 11777
Executive Summary
Once in a lifetime opportunity!!! Legal 9 family apartment building, fully occupied. One block from Main St and the multiple hundred million dollar upper Port Jeff revitalization project. Apartment buildings surround, many high-end luxury apartments. Building sits on one-way street, new town park at the end of the block. Short distance to train. Building has large parking lot. Fire escape and class three fire suppression system. First floor: (1) one bedroom unit, and (1) 3 bedroom unit. Second floor: (1) two bedroom unit, (1) one bedroom unit, and (2) studios. Third floor: (3) large one bedroom units. Five year young roof. Gross monthly rent after scheduled increases: $16,200/Annual $194,400. Property has unlimited upside.
Property Facts Under Contract
| Price | $2,100,000 | Apartment Style | Low Rise |
| Price Per Unit | $233,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 7.13% | Building Size | 5,694 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1.76/1,000 SF |
| Price | $2,100,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| Cap Rate | 7.13% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 5,694 SF |
| No. Stories | 3 |
| Year Built | 1950 |
| Parking Ratio | 1.76/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,250 | - |
| 1+1 | 6 | $1,500 | - |
| 3+1 | 1 | $2,000 | - |
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Walk Score®
Very Walkable (71)
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AB Venture LLC
12 Linden Pl
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