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Joshuas Path Apartments 1887 Joshuas Path 4 Unit Apartment Building $1,816,308 CAD ($454,077 CAD/Unit) 7.50% Cap Rate Central Islip, NY 11722
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 - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$174,645
|
$43.66
|
| Other Income |
$2,515
|
$0.63
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$177,160
|
$44.29
|
| Taxes |
$19,560
|
$4.89
|
| Operating Expenses |
$26,546
|
$6.64
|
| Total Expenses |
$46,106
|
$11.53
|
| Net Operating Income |
$131,054
|
$32.76
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $174,645 |
| Annual Per SF | $43.66 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,515 |
| Annual Per SF | $0.63 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $177,160 |
| Annual Per SF | $44.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,560 |
| Annual Per SF | $4.89 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,546 |
| Annual Per SF | $6.64 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $46,106 |
| Annual Per SF | $11.53 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $131,054 |
| Annual Per SF | $32.76 |
Property Facts
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
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0500-097-00-01-00-075-000 | Total Assessment | $66,426 CAD |
| Land Assessment | $12,955 CAD | Annual Taxes | $19,560 CAD ($4.89 CAD/SF) |
| Improvements Assessment | $53,472 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0500-097-00-01-00-075-000
Land Assessment
$12,955 CAD
Improvements Assessment
$53,472 CAD
Total Assessment
$66,426 CAD
Annual Taxes
$19,560 CAD ($4.89 CAD/SF)
Tax Year
2025
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Joshuas Path Apartments | 1887 Joshuas Path
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