4102 69th St
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4102 69th St
19 Unit Apartment Building $3,488,000 ($183,579/Unit) 6.47% Cap Rate Flushing, NY 11377
Investment Highlights
- Prime Investment Opportunity in Woodside
- 17 one-bedrooms and 2 two-bedrooms with four recently renovated units enhancing appeal and value.
- Annual revenue of $372,151.20 with a cap rate of 6.47%
Executive Summary
Discover an exceptional investment opportunity with this 19-unit building located in the highly desirable neighborhood of Woodside, Queens. This property offers a fantastic blend of prime location, solid income, and recent upgrades, making it an attractive addition to any investor's portfolio. It features 17 one-bedroom apartments and 2 two-bedroom apartments with four recently renovated units enhancing the appeal and rental value of the property. The property generates a substantial annual income of $372,151.20 with a cap rate of 6.47%. It is located just one block from the 7 subway train and the Q47 bus lines near shopping and dining hubs on Roosevelt and Woodside Ave.
Legally Registered Rents: $454,053.72
Preferential Total Income: $372,151.20
Total Expenses: $146,459.96
Total Net Income: $225,691.24
Cap Rate: 6.47%
YEARLY EXPENSES:
Insurance: $23,000
Taxes: $80,009
Gas & Electric: $9,747.59
Water & Sewer: $9,703.37
Super: $24,000
Legally Registered Rents: $454,053.72
Preferential Total Income: $372,151.20
Total Expenses: $146,459.96
Total Net Income: $225,691.24
Cap Rate: 6.47%
YEARLY EXPENSES:
Insurance: $23,000
Taxes: $80,009
Gas & Electric: $9,747.59
Water & Sewer: $9,703.37
Super: $24,000
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
| 2+1 | 2 | - | - |
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 01308-0031 | Improvements Assessment | $582,300 |
| Land Assessment | $86,400 | Total Assessment | $668,700 |
PROPERTY TAXES
Parcel Number
01308-0031
Land Assessment
$86,400
Improvements Assessment
$582,300
Total Assessment
$668,700
zoning
| Zoning Code | R5D |
| R5D |
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4102 69th St
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