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Joshuas Path Apartments 1887 Joshuas Path

4 Unit Apartment Building $1,100,000 ($275,000/Unit) 8.55% Cap Rate Central Islip, NY 11722

Apartment Buildings New York Central Islip 1887 Joshuas Path, Central Islip, NY 11722

Investment Highlights

  • Possible student housing and Airbnb opportunities, centrally located.

Executive Summary

Portfolio sale of 1889 Joshuas Path and 1887 Joshuas Path apartments, rooms for rent, office and parking spaces.

Attachments

Deal Joshuas Path Apartments

Financial Summary (Actual - 2022)

Annual Annual Per SF
Gross Rental Income $121,200 $30.30
Other Income $1,800 $0.45
Vacancy Loss - -
Effective Gross Income $123,000 $30.75
Taxes $14,000 $3.50
Operating Expenses $15,000 $3.75
Total Expenses $29,000 $7.25
Net Operating Income $94,000 $23.50

Financial Summary (Actual - 2022)

Gross Rental Income
Annual $121,200
Annual Per SF $30.30
Other Income
Annual $1,800
Annual Per SF $0.45
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $123,000
Annual Per SF $30.75
Taxes
Annual $14,000
Annual Per SF $3.50
Operating Expenses
Annual $15,000
Annual Per SF $3.75
Total Expenses
Annual $29,000
Annual Per SF $7.25
Net Operating Income
Annual $94,000
Annual Per SF $23.50

Property Facts

Price $1,100,000 Building Class C
Price Per Unit $275,000 Lot Size 0.25 AC
Sale Type Investment Building Size 4,000 SF
Cap Rate 8.55% Average Occupancy 100%
No. Units 4 No. Stories 3
Property Type Multifamily Year Built/Renovated 1945/2020
Property Subtype
Apartment
  • Multifamily Dormitory
 Parking Ratio 1.5/1,000 SF
Apartment Style Low Rise
Price $1,100,000
Price Per Unit $275,000
Sale Type Investment
Cap Rate 8.55%
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.25 AC
Building Size 4,000 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1945/2020
Parking Ratio 1.5/1,000 SF

Unit Amenities

  • Cable Ready
  • Dishwasher
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Security System
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Vaulted Ceiling
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Wi-Fi
  • Yard
  • Grill
  • Basement
  • Breakfast Nook
  • Dining Room
  • Family Room
  • Garden
  • Lawn
  • Linen Closet
  • Mother-in-law Unit
  • Office
  • Pantry
  • Patio
  • Smoke Free
  • Window Coverings

Site Amenities

  • 24 Hour Access
  • Business Center
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Picnic Area
  • Playground
  • Security System
  • Car Wash Area
  • Pet Play Area
  • Recycling
  • Smoke Free
  • Trash Pickup - Curbside
  • Wi-Fi
  • Storage Space
  • Bicycle Storage
  • Car Charging Station
  • Community-Wide WiFi
  • Multi Use Room
  • Public Transportation
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PROPERTY TAXES

Parcel Number 0500-097-00-01-00-075-000 Total Assessment $48,200 (2023)
Land Assessment $9,400 (2023) Annual Taxes $14,000 ($3.50/SF)
Improvements Assessment $38,800 (2023) Tax Year 2022

PROPERTY TAXES

Parcel Number
0500-097-00-01-00-075-000
Land Assessment
$9,400 (2023)
Improvements Assessment
$38,800 (2023)
Total Assessment
$48,200 (2023)
Annual Taxes
$14,000 ($3.50/SF)
Tax Year
2022

zoning

Zoning Code AA (Residential)
AA (Residential)
(347) 531-5520

Contact

  • Listing ID: 29575930

  • Date on Market: 9/21/2023

  • Last Updated:

  • Address: 1887 Joshuas Path, Central Islip, NY 11722

More public record information on 1887 Joshuas Path, Central Islip, NY 11722

The Multifamily Property at 1887 Joshuas Path, Central Islip, NY 11722 is currently available for sale. Contact Real Broker NY, LLC for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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Joshuas Path Apartments | 1887 Joshuas Path
(347) 531-5520 x

Joshuas Path Apartments | 1887 Joshuas Path

Walter Espinal

(347) 531-5520

(347) 531-5520

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