Long Island Small Multifamily 28 Bohack Ct 7 Unit Apartment Building $2,400,000 ($342,857/Unit) 4.81% Cap Rate Sayville, NY 11782
INVESTMENT HIGHLIGHTS
- The majority of the tenants have been at the property for many years.
- Reconfiguration/expansion possibility within the existing structure offers additional upside.
- High area occupancy levels.
- Value add upside on existing unit rents.
- Walking distance to one of Suffolk County, Long Island’s most desirable village downtown.
EXECUTIVE SUMMARY
Select Real Equity Advisors is pleased to present our Exclusive Offering for a well maintained, legal 7 unit multifamily property located at 28 Bohack Court in Sayville, NY. The current 7 unit configuration is structured with one 2 BR, five 1 BR and a studio apartment. The property is in a very desirable location - walking distance into the sought after Sayville Village with restaurants, shopping and close to the Sayville LIRR station, area beaches and Fire Island ferries.
Please do not contact any of the property tenants.
Kindly contact me at 631-360-4303 after your review of the attached to discuss in greater detail.
Please do not contact any of the property tenants.
Kindly contact me at 631-360-4303 after your review of the attached to discuss in greater detail.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$171,876
|
$23.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$171,876
|
$23.24
|
| Taxes |
$35,063
|
$4.74
|
| Operating Expenses |
$21,310
|
$2.88
|
| Total Expenses |
$56,373
|
$7.62
|
| Net Operating Income |
$115,503
|
$15.61
|
PROPERTY FACTS
| Price | $2,400,000 |
| Price Per Unit | $342,857 |
| Sale Type | Investment |
| Cap Rate | 4.81% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 7,397 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2020 |
| Parking Ratio | 0.54/1,000 SF |
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Basement
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
1 of 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 0500-382-00-03-00-041-000 | Total Assessment | $84,200 (2023) |
| Land Assessment | $14,300 (2023) | Annual Taxes | $35,063 ($4.74/SF) |
| Improvements Assessment | $69,900 (2023) | Tax Year | 2024 |
