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546 W 188th St

4 Unit Apartment Building $1,400,000 ($350,000/Unit) 6.29% Cap Rate New York, NY 10040

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Investment Highlights

One block from 1 train

Close to George Washington Bridge

Executive Summary

Well maintained legal 4 family residential building

Financial Summary (Actual - 2022)	Annual	Annual Per SF
Gross Rental Income	$116,400	$31.29
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$116,400	$31.29
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$15,000	$4.03
Net Operating Income	$101,400	$27.26

Financial Summary (Actual - 2022)

Gross Rental Income
Annual	$116,400
Annual Per SF	$31.29

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$116,400
Annual Per SF	$31.29

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$15,000
Annual Per SF	$4.03

Net Operating Income
Annual	$101,400
Annual Per SF	$27.26

Property Facts

Price	$1,400,000	Apartment Style	Mid Rise
Price Per Unit	$350,000	Building Class	B
Sale Type	Investment	Lot Size	0.03 AC
Cap Rate	6.29%	Building Size	3,720 SF
No. Units	4	No. Stories	4
Property Type	Multifamily	Year Built	1920
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,400,000
Price Per Unit	$350,000
Sale Type	Investment
Cap Rate	6.29%
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	B
Lot Size	0.03 AC
Building Size	3,720 SF
No. Stories	4
Year Built	1920
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.