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14 36 26th Ave, Astoria 26-04 18th St 8 Unit Apartment Building $3,446,250 CAD ($430,781 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 |
$282,620
|
$38.83
|
| Other Income |
$132,336
|
$18.18
|
| Vacancy Loss |
$8,478
|
$1.16
|
| Effective Gross Income |
$406,478
|
$55.84
|
| Taxes |
$48,130
|
$6.61
|
| Operating Expenses |
$60,560
|
$8.32
|
| Total Expenses |
$108,691
|
$14.93
|
| Net Operating Income |
$297,788
|
$40.91
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $282,620 |
| Annual Per SF | $38.83 |
| Other Income (CAD) | |
|---|---|
| Annual | $132,336 |
| Annual Per SF | $18.18 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,478 |
| Annual Per SF | $1.16 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $406,478 |
| Annual Per SF | $55.84 |
| Taxes (CAD) | |
|---|---|
| Annual | $48,130 |
| Annual Per SF | $6.61 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $60,560 |
| Annual Per SF | $8.32 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $108,691 |
| Annual Per SF | $14.93 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $297,788 |
| Annual Per SF | $40.91 |
PROPERTY FACTS
| Price | $3,446,250 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $430,781 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 | $3,446,250 CAD |
| Price Per Unit | $430,781 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 | $387,259 CAD |
| Land Assessment | $7,381 CAD | Annual Taxes | $48,130 CAD ($6.61 CAD/SF) |
| Improvements Assessment | $379,878 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
00901-0042
Land Assessment
$7,381 CAD
Improvements Assessment
$379,878 CAD
Total Assessment
$387,259 CAD
Annual Taxes
$48,130 CAD ($6.61 CAD/SF)
Tax Year
2025
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14 36 26th Ave, Astoria | 26-04 18th St
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