56-30 61st St
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56-30 61st St
5 Unit Apartment Building $2,500,000 ($500,000/Unit) Maspeth, NY 11378
Investment Highlights
- Great build to suite opportunity.
- High daytime foot traffic.
- High vehicle count.
Executive Summary
Fully renovated corner brick building located in the heart of Maspeth. Unique opportunity with immediate cash flow, great income producer. Approved plans to create parking spots in rear yard for additional income. Apt 1: 4 Bed: $4,200/mo Apt 2R: 2 Bed: $2,941/mo Apt 2L: 2 Bed: $3,146/mo Apt 3R: 2 Bed: $2,959/mo Apt 3L: 2 Bed: $3141/mo. Can be sold as a package with 60-41 56th Rd across the street.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| 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 | $2,500,000 | Lot Size | 0.06 AC |
| Price Per Unit | $500,000 | Building Size | 4,525 SF |
| Sale Type | Investment | Average Occupancy | 40% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Parking Ratio | 0.44/1,000 SF |
| Apartment Style | Low Rise | Cross Streets | Railroad Pl |
| Building Class | C |
| Price | $2,500,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,525 SF |
| Average Occupancy | 40% |
| No. Stories | 3 |
| Year Built | 1915 |
| Parking Ratio | 0.44/1,000 SF |
| Cross Streets | Railroad Pl |
Unit Amenities
- Cable Ready
- Microwave
- Ceiling Fans
- Eat-in Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Dining Room
Site Amenities
- Fenced Lot
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Walk Score ®
Very Walkable (72)
zoning
| Zoning Code | R4 C1-3 (districts allow all types of housing at a slightly higher density than permitted in R3-2 districts) |
| R4 C1-3 (districts allow all types of housing at a slightly higher density than permitted in R3-2 districts) |
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56-30 61st St
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