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2617 96th St 4 Unit Apartment Building $2,361,593 CAD ($590,398 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 |
$132,605
|
$38.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,605
|
$38.15
|
| Taxes |
$17,118
|
$4.92
|
| Operating Expenses |
$10,008
|
$2.88
|
| Total Expenses |
$27,126
|
$7.80
|
| Net Operating Income |
$105,479
|
$30.35
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $132,605 |
| Annual Per SF | $38.15 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $132,605 |
| Annual Per SF | $38.15 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,118 |
| Annual Per SF | $4.92 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,008 |
| Annual Per SF | $2.88 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,126 |
| Annual Per SF | $7.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $105,479 |
| Annual Per SF | $30.35 |
PROPERTY FACTS
| Price | $2,361,593 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $590,398 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 | $2,361,593 CAD |
| Price Per Unit | $590,398 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 | $181,221 CAD (2025) |
| Land Assessment | $111,054 CAD (2025) | Annual Taxes | $17,118 CAD ($4.92 CAD/SF) |
| Improvements Assessment | $70,167 CAD (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
01376-0050
Land Assessment
$111,054 CAD (2025)
Improvements Assessment
$70,167 CAD (2025)
Total Assessment
$181,221 CAD (2025)
Annual Taxes
$17,118 CAD ($4.92 CAD/SF)
Tax Year
2022
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2617 96th St
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