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31-64 41st St 8 Unit Apartment Building $5,354,622 CAD ($669,328 CAD/Unit) 6.59% Cap Rate Long Island City, NY 11103
Executive Summary
The Catherine located at 31-64 41st Street is a fully remodeled boutique luxury loft building in the heart of Astoria and conveniently located a few blocks from the subway.
All apartments have been fully updated and the design modernized with the units now featuring elegant condo finishes and only the highest quality materials with Italian-made cabinetry, oak flooring, and Carrara marble-inspired bathrooms.
Renovated Unit Features:
• Engineer Hard Hardwood Floors
• Recessed Lighting
• Quartz Countertops
• Brand New Panelled Appliances
• Custom Kitchen Cabinets
• Luxury Bathroom with Ceramic Tile-work
• Whisper Quiet Split Unit HVAC System
• Livingroom Equipped with 52” LED Smart TV
All apartments have been fully updated and the design modernized with the units now featuring elegant condo finishes and only the highest quality materials with Italian-made cabinetry, oak flooring, and Carrara marble-inspired bathrooms.
Renovated Unit Features:
• Engineer Hard Hardwood Floors
• Recessed Lighting
• Quartz Countertops
• Brand New Panelled Appliances
• Custom Kitchen Cabinets
• Luxury Bathroom with Ceramic Tile-work
• Whisper Quiet Split Unit HVAC System
• Livingroom Equipped with 52” LED Smart TV
Property Facts
| Price | $5,354,622 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $669,328 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.59% | Building Size | 6,424 SF |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1921 |
| Property Subtype | Apartment | ||
| Zoning | R5 - a low-density residential district allowing for a variety of housing types, including one- and two-family houses, as well as small apartment buildings | ||
| Price | $5,354,622 CAD |
| Price Per Unit | $669,328 CAD |
| Sale Type | Investment |
| Cap Rate | 6.59% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,424 SF |
| No. Stories | 4 |
| Year Built | 1921 |
| Zoning | R5 - a low-density residential district allowing for a variety of housing types, including one- and two-family houses, as well as small apartment buildings |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00678-0067 | Improvements Assessment | $368,636 CAD |
| Land Assessment | $5,547 CAD | Total Assessment | $374,183 CAD |
Property Taxes
Parcel Number
00678-0067
Land Assessment
$5,547 CAD
Improvements Assessment
$368,636 CAD
Total Assessment
$374,183 CAD
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31-64 41st St
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