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203 Willis Ave 15 Unit Apartment Building $4,755,695 CAD ($317,046 CAD/Unit) 5.31% Cap Rate Mineola, NY 11501
Investment Highlights
- Rent Stabilized Building
- .6 Miles to the Mineola LIRR
- 2 Miles to LIJ Medical Center
- 15 Residential Units
- .6 Miles to NYU Langone
- Two Year Old Roof
Executive Summary
Expand your portfolio with this 15 unit multifamily apartment building, located on Willis Avenue in the heart of Mineola. This 3 story building was built in 1931 and boasts its unique charm throughout every facet of both the interior and exterior. With close proximity to schools, hospitals, public transit and municipal parking, this building showcases convenience for tenants and guests. Hosting 15 units, this building is fully occupied and is well kept with a ground floor common area and a garden area in the rear of the building. Roof is approximately 2 years old, windows are about 5-6 years old and all units are separately metered for gas and electric.
Property Facts
| Price | $4,755,695 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $317,046 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.31% | Building Size | 14,250 SF |
| No. Units | 15 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Price | $4,755,695 CAD |
| Price Per Unit | $317,046 CAD |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 14,250 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
Amenities
Unit Amenities
- Kitchen
- Hardwood Floors
- Oven
- Freezer
- Garden
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 650 - 800 |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2223-09-409-00-0460-0 | Improvements Assessment | $14,275 CAD |
| Land Assessment | $2,245 CAD | Total Assessment | $16,520 CAD |
Property Taxes
Parcel Number
2223-09-409-00-0460-0
Land Assessment
$2,245 CAD
Improvements Assessment
$14,275 CAD
Total Assessment
$16,520 CAD
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203 Willis Ave
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