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132-18 57th Rd 8 Unit Apartment Building $2,714,168 CAD ($339,271 CAD/Unit) 5% Cap Rate Flushing, NY 11355
Investment Highlights
- Rare 8-Unit Free-Market Multifamily Investment in a prime Flushing location
- Unit Mix: Seven 1-Bedroom / 1-Bath Apartments + One Studio
- High Basement offering additional functional space
- 100% Free-Market Units – providing flexibility for future rental growth
- Lot Size: Approx. 40' × 100' / Building Size: Approx. 24' x 55' (5,280 SF)
- Separate Boilers & Gas Meters for Each Apartment
Executive Summary
Rare 8-Unit Free-Market Multifamily Investment in Prime Flushing. Lot 40x100, building 24X55 (5280 sqft) Exceptional investment opportunity featuring a fully free-market 8-unit multifamily building with seven 1-bedroom/1-bath apartments, one studio apartment, and a high basement. Stable income with excellent upside potential. Each apartment has separate boilers, gas meters, and tenants pay their own utitlies. . Conveniently located minutes from Downtown Flushing, near shopping, restaurants, banks, SkyFoods Supermarket, Queens Botanical Garden, and Kissena Park. Excellent transportation with easy access to the 7 train, Murray Hill LIRR Station, Q25, Q34, Q44 SBS, Q65 bus lines, and the Long Island Expressway (I-495). A rare opportunity for investors seeking a well-located income-producing property with long-term growth potential. Suitable for a 1031 exchange.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,714,168 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $339,271 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5% | Building Size | 5,280 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | ||
| Zoning | R4 Queens | ||
| Price | $2,714,168 CAD |
| Price Per Unit | $339,271 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 5,280 SF |
| No. Stories | 4 |
| Year Built | 1986 |
| Zoning | R4 Queens |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| Studios | 1 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 06359-0008 | Total Assessment | $452,012 CAD |
| Land Assessment | $10,099 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $441,913 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
06359-0008
Land Assessment
$10,099 CAD
Improvements Assessment
$441,913 CAD
Total Assessment
$452,012 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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132-18 57th Rd
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