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2617 96th St 4 Unit Apartment Building $2,318,133 CAD ($579,533 CAD/Unit) 4.47% Cap Rate East Elmhurst, NY 11369

Executive Summary
The property has three 2 bedroom apartments which were recently renovated and a one bedroom apartment. The property is fully occupied with one year leases.
Financial Summary (Actual - 2022) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$130,165
|
$37.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$130,165
|
$37.45
|
| Taxes |
$16,803
|
$4.83
|
| Operating Expenses |
$9,824
|
$2.83
|
| Total Expenses |
$26,626
|
$7.66
|
| Net Operating Income |
$103,538
|
$29.79
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $130,165 |
| Annual Per SF | $37.45 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $130,165 |
| Annual Per SF | $37.45 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,803 |
| Annual Per SF | $4.83 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,824 |
| Annual Per SF | $2.83 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $26,626 |
| Annual Per SF | $7.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $103,538 |
| Annual Per SF | $29.79 |
Property Facts
| Price | $2,318,133 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $579,533 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 4.47% | Building Size | 3,476 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1926/2020 |
| Property Subtype | Apartment | ||
| Zoning | R4 - allows a variety of housing types at a slightly higher density than R3-2 districts | ||
| Price | $2,318,133 CAD |
| Price Per Unit | $579,533 CAD |
| Sale Type | Investment |
| Cap Rate | 4.47% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,476 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1926/2020 |
| Zoning | R4 - allows a variety of housing types at a slightly higher density than R3-2 districts |
Amenities
Unit Amenities
- Air Conditioning
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | 01376-0050 | Total Assessment | $178,443 CAD (2025) |
| Land Assessment | $109,351 CAD (2025) | Annual Taxes | $16,803 CAD ($4.83 CAD/SF) |
| Improvements Assessment | $69,092 CAD (2025) | Tax Year | 2022 |
Property Taxes
Parcel Number
01376-0050
Land Assessment
$109,351 CAD (2025)
Improvements Assessment
$69,092 CAD (2025)
Total Assessment
$178,443 CAD (2025)
Annual Taxes
$16,803 CAD ($4.83 CAD/SF)
Tax Year
2022
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2617 96th St
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