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34-28 43rd St 12 Unit Apartment Building $3,685,835 CAD ($307,153 CAD/Unit) 5.61% Cap Rate Long Island City, NY 11101
Investment Highlights
- Excellent Location
- PRIME DESIREABLE ASTORIA
Executive Summary
12 FAMILY BUILDING LOCATED IN PRIME DESIREABLE ASTORIA. VERY CLOSE TO TRANSPORTATION AND 15 MINUTES TO MIDTOWN MANHATTAN.
EXCELLENT INVESTMENT OPPORTUNITY.
INQUIRE WITHIN
EXCELLENT INVESTMENT OPPORTUNITY.
INQUIRE WITHIN
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$308,753
|
$61.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$308,753
|
$61.85
|
| Taxes |
$77,841
|
$15.59
|
| Operating Expenses |
$24,138
|
$4.84
|
| Total Expenses |
$101,978
|
$20.43
|
| Net Operating Income |
$206,774
|
$41.42
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $308,753 |
| Annual Per SF | $61.85 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $308,753 |
| Annual Per SF | $61.85 |
| Taxes (CAD) | |
|---|---|
| Annual | $77,841 |
| Annual Per SF | $15.59 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $24,138 |
| Annual Per SF | $4.84 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $101,978 |
| Annual Per SF | $20.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $206,774 |
| Annual Per SF | $41.42 |
Property Facts
| Price | $3,685,835 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $307,153 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.61% | Building Size | 4,992 SF |
| Gross Rent Multiplier | 13.27 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R5 Queens(C1) - A low-density residential zoning district in New York City that allows for a variety of residential buildings | ||
| Price | $3,685,835 CAD |
| Price Per Unit | $307,153 CAD |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| Gross Rent Multiplier | 13.27 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,992 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1922 |
| Opportunity Zone |
Yes |
| Zoning | R5 Queens(C1) - A low-density residential zoning district in New York City that allows for a variety of residential buildings |
Amenities
- Smoke Detector
Unit Amenities
- Kitchen
- Refrigerator
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | 00675-0042 | Total Assessment | $660,437 CAD (2025) |
| Land Assessment | $153,318 CAD (2025) | Annual Taxes | $77,841 CAD ($15.59 CAD/SF) |
| Improvements Assessment | $507,119 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
00675-0042
Land Assessment
$153,318 CAD (2025)
Improvements Assessment
$507,119 CAD (2025)
Total Assessment
$660,437 CAD (2025)
Annual Taxes
$77,841 CAD ($15.59 CAD/SF)
Tax Year
2024
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34-28 43rd St
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