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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

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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
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 - -
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

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
  • Listing ID: 21622751

  • Date on Market: 2020-11-30

  • Last Updated:

  • Address: 2617 96th St, East Elmhurst, NY 11369

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