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34-28 43rd St 12 Unit Apartment Building $3,831,500 CAD ($319,292 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 |
$320,955
|
$64.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$320,955
|
$64.29
|
| Taxes |
$80,917
|
$16.21
|
| Operating Expenses |
$25,091
|
$5.03
|
| Total Expenses |
$106,009
|
$21.24
|
| Net Operating Income |
$214,946
|
$43.06
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $320,955 |
| Annual Per SF | $64.29 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $320,955 |
| Annual Per SF | $64.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $80,917 |
| Annual Per SF | $16.21 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,091 |
| Annual Per SF | $5.03 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $106,009 |
| Annual Per SF | $21.24 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $214,946 |
| Annual Per SF | $43.06 |
Property Facts
| Price | $3,831,500 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $319,292 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 | $3,831,500 CAD |
| Price Per Unit | $319,292 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
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00675-0042 | Total Assessment | $711,345 CAD (2026) |
| Land Assessment | $158,999 CAD (2026) | Annual Taxes | $80,917 CAD ($16.21 CAD/SF) |
| Improvements Assessment | $552,346 CAD (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
00675-0042
Land Assessment
$158,999 CAD (2026)
Improvements Assessment
$552,346 CAD (2026)
Total Assessment
$711,345 CAD (2026)
Annual Taxes
$80,917 CAD ($16.21 CAD/SF)
Tax Year
2024
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34-28 43rd St
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