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14 36 26th Ave, Astoria 26-04 18th St 8 Unit Apartment Building $3,424,275 CAD ($428,034 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 |
$280,818
|
$38.58
|
| Other Income |
$131,492
|
$18.06
|
| Vacancy Loss |
$8,424
|
$1.16
|
| Effective Gross Income |
$403,886
|
$55.49
|
| Taxes |
$47,823
|
$6.57
|
| Operating Expenses |
$60,174
|
$8.27
|
| Total Expenses |
$107,998
|
$14.84
|
| Net Operating Income |
$295,889
|
$40.65
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $280,818 |
| Annual Per SF | $38.58 |
| Other Income (CAD) | |
|---|---|
| Annual | $131,492 |
| Annual Per SF | $18.06 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,424 |
| Annual Per SF | $1.16 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $403,886 |
| Annual Per SF | $55.49 |
| Taxes (CAD) | |
|---|---|
| Annual | $47,823 |
| Annual Per SF | $6.57 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $60,174 |
| Annual Per SF | $8.27 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $107,998 |
| Annual Per SF | $14.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $295,889 |
| Annual Per SF | $40.65 |
Property Facts
| Price | $3,424,275 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $428,034 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 | $3,424,275 CAD |
| Price Per Unit | $428,034 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
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 00901-0042 | Total Assessment | $386,924 CAD |
| Land Assessment | $7,375 CAD | Annual Taxes | $47,823 CAD ($6.57 CAD/SF) |
| Improvements Assessment | $379,549 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
00901-0042
Land Assessment
$7,375 CAD
Improvements Assessment
$379,549 CAD
Total Assessment
$386,924 CAD
Annual Taxes
$47,823 CAD ($6.57 CAD/SF)
Tax Year
2025
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14 36 26th Ave, Astoria | 26-04 18th St
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