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13502 Rockaway Blvd 6 Unit Apartment Building $2,587,229 CAD ($431,205 CAD/Unit) 8.38% Cap Rate Jamaica, NY 11435
Investment Highlights
- New Roof & newly renovated units.
- 8.5% Cap Rate-Mixed Use Cash Cow, Store, 3 apartments and Garage/Shop
- Easy Access to Public Transportation & all highways
- Store can be delivered vacant or with tenants.
Executive Summary
High cash flow investment opportunity with over 8% cap rate! Mixed use 6 FREE MARKET units including: corner store, 3 free market apartments, commercial garage/shop, 2,000sf storage space. All units newly renovated & have current leases with high market rents.Very low taxes $17k and expenses. New roof , new siding.
Property Facts
| Price | $2,587,229 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $431,205 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 8.38% | Building Size | 4,506 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | ||
| Zoning | R3-2 - Mixed Use, Store with 3 apartments, Garage/Shop | ||
| Price | $2,587,229 CAD |
| Price Per Unit | $431,205 CAD |
| Sale Type | Investment |
| Cap Rate | 8.38% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 4,506 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Zoning | R3-2 - Mixed Use, Store with 3 apartments, Garage/Shop |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 4 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 11759-0041 | Improvements Assessment | $109,097 CAD |
| Land Assessment | $104,166 CAD | Total Assessment | $213,264 CAD |
Property Taxes
Parcel Number
11759-0041
Land Assessment
$104,166 CAD
Improvements Assessment
$109,097 CAD
Total Assessment
$213,264 CAD
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Presented by
Dennis M
13502 Rockaway Blvd
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