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Multi Units Apartment Building 10407 Otis Ave 12 Unit Apartment Building $5,301,760 CAD ($441,813 CAD/Unit) 5.50% Cap Rate Corona, NY 11368
INVESTMENT HIGHLIGHTS
- Please Send Us a Business Card + Client Preapproval/ POF To L/A David 718-490-1366.
- Built 2008 With 25 Years Tax Abatement
EXECUTIVE SUMMARY
12 Apt Units, Well Maintained, Total 10,607 Sq. 4 Stories Plus Full Finished Basement, 6 Car Parking Space, Built 2008 With 25 Years Tax Abatement, All Tenants Pay Their Own Heating, 1 Block To Li Expwy, Close To Queens Center Mall, CAP Rate 5.6%, Showing Request; Please Send Us a Business Card + Client Preapproval/ POF To L/A David 718-490-1366.
PROPERTY FACTS
| Price | $5,301,760 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $441,813 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.50% | Building Size | 10,607 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2008 |
| Property Subtype | Apartment | Parking Ratio | 0.57/1,000 SF |
| Zoning | R6B - a medium-density residential zoning district that's designed to preserve the character of neighborhoods. | ||
| Price | $5,301,760 CAD |
| Price Per Unit | $441,813 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 10,607 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2008 |
| Parking Ratio | 0.57/1,000 SF |
| Zoning | R6B - a medium-density residential zoning district that's designed to preserve the character of neighborhoods. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Eat-in Kitchen
SITE AMENITIES
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Walk Score®
Very Walkable (82)
Transit Score®
Rider's Paradise (90)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 01950-0178 | Improvements Assessment | $950,137 CAD |
| Land Assessment | $110,997 CAD | Total Assessment | $1,061,135 CAD |
PROPERTY TAXES
Parcel Number
01950-0178
Land Assessment
$110,997 CAD
Improvements Assessment
$950,137 CAD
Total Assessment
$1,061,135 CAD
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Multi Units Apartment Building | 10407 Otis Ave
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