12 Unit Multi-Family, 7.08% Cap Rate | 4132 53rd St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
12 Unit Multi-Family, 7.08% Cap Rate 4132 53rd St
12 Unit Apartment Building $3,399,000 ($283,250/Unit) 7.08% Cap Rate Woodside, NY 11377
Investment Highlights
- Prime location
- Excellent condition
- Easy Self management with onsite super, eliminates need for outside management expense.
- High rental income
- Reasonable expenses
- 3% Buyers agent commission
Executive Summary
12 Family building next to Roosevelt Avenue,
One block from Sunnyside & 15 min
to Manhattan. Desirable location
Only Half a Block from 52nd St. Woodside, #7 Train, a 5 min walk
from the LIRR 61st St Station.
Building is in excellent condition.
Market rate rents.
Six 1 bedroom and Six large studio apts.
Multi-zoned property. Residential or mixed, residential/commercial.{residential/retail/professional office}
Buildable additional space 1381sq ft. Full unfinished basement with possibilities for additional income.
Rental income over $295,325
Expenses $54,771 Net income $240,544
Buyers agent commission 3%.
Call Raymond Pastore 718-224-1818
One block from Sunnyside & 15 min
to Manhattan. Desirable location
Only Half a Block from 52nd St. Woodside, #7 Train, a 5 min walk
from the LIRR 61st St Station.
Building is in excellent condition.
Market rate rents.
Six 1 bedroom and Six large studio apts.
Multi-zoned property. Residential or mixed, residential/commercial.{residential/retail/professional office}
Buildable additional space 1381sq ft. Full unfinished basement with possibilities for additional income.
Rental income over $295,325
Expenses $54,771 Net income $240,544
Buyers agent commission 3%.
Call Raymond Pastore 718-224-1818
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,399,000 | Apartment Style | Low Rise |
| Price Per Unit | $283,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.08% | Building Size | 5,208 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1931/2018 |
| Property Subtype | Apartment |
| Price | $3,399,000 |
| Price Per Unit | $283,250 |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| Sale Conditions | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,208 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1931/2018 |
Unit Amenities
- Kitchen
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Basement
Site Amenities
- 24 Hour Access
- Trash Pickup - Curbside
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 420 |
| 1+1 | 6 | - | 420 |
1 of 1
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $591,300 (2024) | |
| Land Assessment | $145,800 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $445,500 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$145,800 (2024)
Improvements Assessment
$445,500 (2024)
Total Assessment
$591,300 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R6, C1-4 (R6,R5D,C1-4 Mixed use) |
| R6, C1-4 (R6,R5D,C1-4 Mixed use) |
1 of 57
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Raymond Pastore
12 Unit Multi-Family, 7.08% Cap Rate | 4132 53rd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.