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Joshuas Path Apartments 1887 Joshuas Path 4 Unit Apartment Building $1,522,950 CAD ($380,738 CAD/Unit) 8.55% Cap Rate Central Islip, NY 11722

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INVESTMENT HIGHLIGHTS

  • Possible student housing and Airbnb opportunities, centrally located.
  • Close shops, transportation, airport.

EXECUTIVE SUMMARY

Portfolio sale of 1889 Joshuas Path and 1887 Joshuas Path apartments, rooms for rent, office and parking spaces.

FINANCIAL SUMMARY (ACTUAL - 2022)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $167,801 $41.95
Other Income $2,492 $0.62
Vacancy Loss - -
Effective Gross Income $170,294 $42.57
Taxes $19,383 $4.85
Operating Expenses $20,768 $5.19
Total Expenses $40,151 $10.04
Net Operating Income $130,143 $32.54

FINANCIAL SUMMARY (ACTUAL - 2022)

Gross Rental Income (CAD)
Annual $167,801
Annual Per SF $41.95
Other Income (CAD)
Annual $2,492
Annual Per SF $0.62
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $170,294
Annual Per SF $42.57
Taxes (CAD)
Annual $19,383
Annual Per SF $4.85
Operating Expenses (CAD)
Annual $20,768
Annual Per SF $5.19
Total Expenses (CAD)
Annual $40,151
Annual Per SF $10.04
Net Operating Income (CAD)
Annual $130,143
Annual Per SF $32.54

PROPERTY FACTS

Price $1,522,950 CAD
Price Per Unit $380,738 CAD
Sale Type Investment
Cap Rate 8.55%
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.25 AC
Building Size 4,000 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1945/2020
Parking Ratio 1.5/1,000 SF
Zoning AA - Residential

AMENITIES

UNIT AMENITIES

  • Cable Ready
  • Dishwasher
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Security System
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Vaulted Ceiling
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Wi-Fi
  • Yard
  • Grill
  • Basement
  • Breakfast Nook
  • Dining Room
  • Family Room
  • Garden
  • Lawn
  • Linen Closet
  • Mother-in-law Unit
  • Office
  • Pantry
  • Patio
  • Smoke Free
  • Window Coverings

SITE AMENITIES

  • 24 Hour Access
  • Business Center
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Picnic Area
  • Playground
  • Security System
  • Car Wash Area
  • Pet Play Area
  • Recycling
  • Smoke Free
  • Trash Pickup - Curbside
  • Wi-Fi
  • Storage Space
  • Bicycle Storage
  • Car Charging Station
  • Community-Wide WiFi
  • Multi Use Room
  • Public Transportation

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0500-097-00-01-00-075-000
Land Assessment
$13,255 CAD (2024)
Improvements Assessment
$54,712 CAD (2024)
Total Assessment
$67,967 CAD (2024)
Annual Taxes
$19,383 CAD ($4.85 CAD/SF)
Tax Year
2022
  • Listing ID: 29575930

  • Date on Market: 2023-09-21

  • Last Updated:

  • Address: 1887 Joshuas Path, Central Islip, NY 11722

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