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228 & 230 Beach 32nd Street 228 Beach 32nd St 6 Unit Apartment Building $2,957,325 CAD ($492,887 CAD/Unit) 9.35% Cap Rate Far Rockaway, NY 11691
Investment Highlights
- FULL BRICK YOUNG CONSTRUCTION
- Adjacent Properties!
- Individual Electric & Gas Meters!
- Private Driveways!
Executive Summary
228 & 230 Beach 32nd Street | Sold as a Package
Two contiguous, fully brick, 3-story buildings , young construction.
All utilities paid directly by tenants.
Excellent curb appeal.
Two contiguous, fully brick, 3-story buildings , young construction.
All utilities paid directly by tenants.
Excellent curb appeal.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$325,272
|
$58.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$325,272
|
$58.93
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$48,773
|
$8.84
|
| Net Operating Income |
$276,499
|
$50.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $325,272 |
| Annual Per SF | $58.93 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $325,272 |
| Annual Per SF | $58.93 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $48,773 |
| Annual Per SF | $8.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $276,499 |
| Annual Per SF | $50.09 |
Property Facts
Amenities
Unit Amenities
- Yard
- Lawn
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 4 | $5,285 CAD | - |
| 2+1 | 2 | $4,221 CAD | - |
1 1
Moderately walkable
70/100
Fairly drivable
40/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 15807-0010 | Improvements Assessment | $34,306 CAD (2026) |
| Land Assessment | $4,385 CAD (2026) | Total Assessment | $38,692 CAD (2026) |
Property Taxes
Parcel Number
15807-0010
Land Assessment
$4,385 CAD (2026)
Improvements Assessment
$34,306 CAD (2026)
Total Assessment
$38,692 CAD (2026)
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228 & 230 Beach 32nd Street | 228 Beach 32nd St
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