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3545 Crescent St 12 Unit Apartment Building $3,453,000 CAD ($287,750 CAD/Unit) 5.80% Cap Rate Astoria, NY 11106
Executive Summary
KW Commercial and Sarri Realty Global have been exclusively retained for the sale of the double property in Astoria, NY.
This is an amazing opportunity to purchase two connected side-by-side multifamily properties of 6 units each, with a parking lot and garages in the back.
About the Buildings:
• 1941 construction, 3 Story apartment building
• 12 residential units
5 One Bedrooms
7 Two Bedrooms
6 parking spots
• 8,750 square feet
• Gated parking lot with 6 indoor parking spaces
• Each unit is separately metered for gas and electric
• Both are protected tax class 2A
This is an amazing opportunity to purchase two connected side-by-side multifamily properties of 6 units each, with a parking lot and garages in the back.
About the Buildings:
• 1941 construction, 3 Story apartment building
• 12 residential units
5 One Bedrooms
7 Two Bedrooms
6 parking spots
• 8,750 square feet
• Gated parking lot with 6 indoor parking spaces
• Each unit is separately metered for gas and electric
• Both are protected tax class 2A
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$319,057
|
$36.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$319,057
|
$36.46
|
| Taxes |
$65,745
|
$7.51
|
| Operating Expenses |
$44,198
|
$5.05
|
| Total Expenses |
$109,944
|
$12.56
|
| Net Operating Income |
$209,114
|
$23.90
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $319,057 |
| Annual Per SF | $36.46 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $319,057 |
| Annual Per SF | $36.46 |
| Taxes (CAD) | |
|---|---|
| Annual | $65,745 |
| Annual Per SF | $7.51 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $44,198 |
| Annual Per SF | $5.05 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $109,944 |
| Annual Per SF | $12.56 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $209,114 |
| Annual Per SF | $23.90 |
Property Facts
| Price | $3,453,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $287,750 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 8,750 SF |
| Cap Rate | 5.80% | Average Occupancy | 0% |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 3 |
| No. Units | 12 | Year Built | 1941 |
| Property Type | Multifamily | Parking Ratio | 0.69/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R5 - Medium density district with a height limit of 40 feet. | ||
| Price | $3,453,000 CAD |
| Price Per Unit | $287,750 CAD |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.07 AC |
| Building Size | 8,750 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1941 |
| Parking Ratio | 0.69/1,000 SF |
| Zoning | R5 - Medium density district with a height limit of 40 feet. |
Amenities
Site Amenities
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 6 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00339-0016 | Total Assessment | $247,870 CAD |
| Land Assessment | $3,526 CAD | Annual Taxes | $65,745 CAD ($7.51 CAD/SF) |
| Improvements Assessment | $244,344 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
00339-0016
Land Assessment
$3,526 CAD
Improvements Assessment
$244,344 CAD
Total Assessment
$247,870 CAD
Annual Taxes
$65,745 CAD ($7.51 CAD/SF)
Tax Year
2025
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3545 Crescent St
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