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4029 23rd St
Long Island City, NY 11101
90% Free Market Multi-Family Building · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Fully leased
- Recently renovated
- Great central location for public transportation
- 90% free market (one unit Rent Controlled)
Executive Summary
Welcome to 40-29 23rd St, a gem in the heart of Long Island City! This turnkey, 90% free market, investment property offers a unique opportunity to own a fully leased, recently renovated 8-unit multi-family building. With tenants already in place, you can start generating income from day one. All eight units are currently leased, providing a stable and consistent income stream for savvy investors. Benefit from the immediate returns of a property that is not only well-maintained but also in high demand in the thriving Long Island City rental market. Seize this opportunity to own a prime piece of Long Island City real estate.
Property Facts
| Price Per Unit | $667,095 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.95% | Building Size | 6,020 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1940 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | M1-3 - M1 is a Light Manufacturing Zoning District having manufacturing, commercial, and community facility uses. | ||
| Price Per Unit | $667,095 CAD |
| Sale Type | Investment |
| Cap Rate | 5.95% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 6,020 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1940 |
| Opportunity Zone |
Yes |
| Zoning | M1-3 - M1 is a Light Manufacturing Zoning District having manufacturing, commercial, and community facility uses. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
Property Taxes
| Parcel Number | 00408-0013 | Improvements Assessment | $219,411 CAD |
| Land Assessment | $3,837 CAD | Total Assessment | $223,248 CAD |
Property Taxes
Parcel Number
00408-0013
Land Assessment
$3,837 CAD
Improvements Assessment
$219,411 CAD
Total Assessment
$223,248 CAD
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