Log In/Sign Up
Your email has been sent.
14 36 26th Ave, Astoria 26-04 18th St 8 Unit Apartment Building $3,397,500 CAD ($424,687 CAD/Unit) 8.64% Cap Rate Astoria, NY 11102
Investment Highlights
- Buyer gets additional income from Laundromat
- Corner property
Executive Summary
This is a unique opportunity to purchase a multifamily building with 7 residential units and 1 commercial unit. In addition, the buyer will take over an existing laundromat business that generates approximately $96,000 per year in additional income.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$278,622
|
$38.28
|
| Other Income |
$130,464
|
$17.92
|
| Vacancy Loss |
$8,358
|
$1.15
|
| Effective Gross Income |
$400,728
|
$55.05
|
| Taxes |
$47,449
|
$6.52
|
| Operating Expenses |
$59,704
|
$8.20
|
| Total Expenses |
$107,153
|
$14.72
|
| Net Operating Income |
$293,575
|
$40.33
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $278,622 |
| Annual Per SF | $38.28 |
| Other Income (CAD) | |
|---|---|
| Annual | $130,464 |
| Annual Per SF | $17.92 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,358 |
| Annual Per SF | $1.15 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $400,728 |
| Annual Per SF | $55.05 |
| Taxes (CAD) | |
|---|---|
| Annual | $47,449 |
| Annual Per SF | $6.52 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $59,704 |
| Annual Per SF | $8.20 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $107,153 |
| Annual Per SF | $14.72 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $293,575 |
| Annual Per SF | $40.33 |
Property Facts
| Price | $3,397,500 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $424,687 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.64% | Building Size | 7,279 SF |
| No. Units | 8 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R6B/C1-3 - The C1-3 com'l overlay permits a FAR of 2.0. The entire 1st level can eventually become retail space & the 2nd level can be office space. | ||
| Price | $3,397,500 CAD |
| Price Per Unit | $424,687 CAD |
| Sale Type | Investment |
| Cap Rate | 8.64% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 7,279 SF |
| Average Occupancy | 88% |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R6B/C1-3 - The C1-3 com'l overlay permits a FAR of 2.0. The entire 1st level can eventually become retail space & the 2nd level can be office space. |
Amenities
Unit Amenities
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Instant Hot Water
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- On-Site Retail
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+1.5 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (77)
Bike Score®
Very Bikeable (84)
Property Taxes
| Parcel Number | 00901-0042 | Total Assessment | $379,595 CAD |
| Land Assessment | $7,235 CAD | Annual Taxes | $47,449 CAD ($6.52 CAD/SF) |
| Improvements Assessment | $372,359 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
00901-0042
Land Assessment
$7,235 CAD
Improvements Assessment
$372,359 CAD
Total Assessment
$379,595 CAD
Annual Taxes
$47,449 CAD ($6.52 CAD/SF)
Tax Year
2025
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
14 36 26th Ave, Astoria | 26-04 18th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.