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3444 43rd St 6 Unit Apartment Building $2,411,749 CAD ($401,958 CAD/Unit) 5.31% Cap Rate Long Island City, NY 11101
INVESTMENT HIGHLIGHTS
- Parking for two cars
- Two renovated units
- New roof
- Full basement for storage
- New Boiler
EXECUTIVE SUMMARY
Great investment opportunity in Long Island City - Astoria border six family building.
The property is nestled in a great location at 43rd Street just a block away from Broadway and Northern Boulevard.
The entire property is very well maintained and went under major renovations in the last two years including a brand new boiler, new roof and 2 completely renovated apartments.
The building features:
* Six apartments with two bedrooms all railroad layout
* Full basement
* Parking in the rear for three cars
* Surveillance
* Gas Heating system
* Separate water heather
* New boiler
* New sidewalk
* Lot size 28x100
* Building size 28x68
* Zoning R5/C2-1
* Residential square feet 4,992
* Average apartment size 832 square feet
All the units are RENT STABILIZED
The property is nestled in a great location at 43rd Street just a block away from Broadway and Northern Boulevard.
The entire property is very well maintained and went under major renovations in the last two years including a brand new boiler, new roof and 2 completely renovated apartments.
The building features:
* Six apartments with two bedrooms all railroad layout
* Full basement
* Parking in the rear for three cars
* Surveillance
* Gas Heating system
* Separate water heather
* New boiler
* New sidewalk
* Lot size 28x100
* Building size 28x68
* Zoning R5/C2-1
* Residential square feet 4,992
* Average apartment size 832 square feet
All the units are RENT STABILIZED
PROPERTY FACTS
| Price | $2,411,749 CAD | Building Class | C |
| Price Per Unit | $401,958 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 4,992 SF |
| Cap Rate | 5.31% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 3 |
| No. Units | 6 | Year Built/Renovated | 1922/2023 |
| Property Type | Multifamily | Parking Ratio | 0.6/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R5 / C2-1 - Medium density district with a height limit of 40 feet | ||
| Price | $2,411,749 CAD |
| Price Per Unit | $401,958 CAD |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| 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/Renovated | 1922/2023 |
| Parking Ratio | 0.6/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R5 / C2-1 - Medium density district with a height limit of 40 feet |
AMENITIES
UNIT AMENITIES
- Storage Space
- Tile Floors
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Yard
- Basement
- Intercom
- Large Bedrooms
- Quartz Countertops
SITE AMENITIES
- Smoke Free
- Trash Pickup - Curbside
- Storage Space
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 832 |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 00675-0049 | Improvements Assessment | $202,238 CAD |
| Land Assessment | $3,459 CAD | Total Assessment | $205,697 CAD |
PROPERTY TAXES
Parcel Number
00675-0049
Land Assessment
$3,459 CAD
Improvements Assessment
$202,238 CAD
Total Assessment
$205,697 CAD
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3444 43rd St
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