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36-52 35th St 30 Unit Apartment Building $5,864,859 CAD ($195,495 CAD/Unit) 8% Cap Rate Long Island City, NY 11106
Investment Highlights
- Situated between 36th Avenue and 37th Avenue, the building is ideally located for commuters and city dwellers alike.
- A prime investment opportunity!
- Motivated seller
Executive Summary
Unique Multi-Family Building – 30 Units
An exceptional investment opportunity featuring 30 rental units:
• 15 one-bedroom units
• 13 two-bedroom units
• 2 three-bedroom units
Most units have been fully renovated with upgraded interiors, while common areas are immaculately maintained. Each unit is separately metered for electricity and gas, and the building is equipped with efficient gas-powered heating and hot water.
The property is ideally located just minutes from the subway, surrounded by shops and restaurants, offering both convenience and strong tenant appeal. The building maintains a stable tenant base with a track record of on-time rent payments.
Seller requires buyer to sign a no mortgage contingency.
Don’t miss out—schedule a viewing today!
An exceptional investment opportunity featuring 30 rental units:
• 15 one-bedroom units
• 13 two-bedroom units
• 2 three-bedroom units
Most units have been fully renovated with upgraded interiors, while common areas are immaculately maintained. Each unit is separately metered for electricity and gas, and the building is equipped with efficient gas-powered heating and hot water.
The property is ideally located just minutes from the subway, surrounded by shops and restaurants, offering both convenience and strong tenant appeal. The building maintains a stable tenant base with a track record of on-time rent payments.
Seller requires buyer to sign a no mortgage contingency.
Don’t miss out—schedule a viewing today!
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$805,905
|
$38.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$805,905
|
$38.93
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$351,785
|
$16.99
|
| Net Operating Income |
$454,121
|
$21.94
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $805,905 |
| Annual Per SF | $38.93 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $805,905 |
| Annual Per SF | $38.93 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $351,785 |
| Annual Per SF | $16.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $454,121 |
| Annual Per SF | $21.94 |
Property Facts
Amenities
Unit Amenities
- Dishwasher
- Ceiling Fans
- Eat-in Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 1 |
| 2+1 | 13 | - | 1 |
| 3+1 | 2 | - | 1 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 00634-0057 | Improvements Assessment | $1,568,705 CAD (2025) |
| Land Assessment | $130,632 CAD (2025) | Total Assessment | $1,699,337 CAD (2025) |
Property Taxes
Parcel Number
00634-0057
Land Assessment
$130,632 CAD (2025)
Improvements Assessment
$1,568,705 CAD (2025)
Total Assessment
$1,699,337 CAD (2025)
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36-52 35th St
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