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LIC Gut Renovated 6 Unit FM Walk-up 542 51st Ave 6 Unit Apartment Building $5,583,680 CAD ($930,613 CAD/Unit) 7.40% Cap Rate Long Island City, NY 11101
INVESTMENT HIGHLIGHTS
- Prime Long Island City Location
- Low Expenses - Tax Class 2A
- Gut renovated 6 unit free market
EXECUTIVE SUMMARY
Prime Long Island City, 1 block from the Subway
Fully gut renovated 6 unit walk-up with 6,500 SF
Condo quality finishes and free market units
Tax class 2A, low expenses
Gross Income: $325k, Net Income: $296k
Asking: $4,000,000 — SUBMIT BEST OFFERS!
Contact: Josh at Jg@highcapgroup.com
Fully gut renovated 6 unit walk-up with 6,500 SF
Condo quality finishes and free market units
Tax class 2A, low expenses
Gross Income: $325k, Net Income: $296k
Asking: $4,000,000 — SUBMIT BEST OFFERS!
Contact: Josh at Jg@highcapgroup.com
PROPERTY FACTS
| Price | $5,583,680 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $930,613 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 7.40% | Building Size | 6,500 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | M1-4/ R6B | ||
| Price | $5,583,680 CAD |
| Price Per Unit | $930,613 CAD |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 6,500 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | M1-4/ R6B |
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Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 00034-0041 | Improvements Assessment | $150,395 CAD |
| Land Assessment | $1,572 CAD | Total Assessment | $151,967 CAD |
PROPERTY TAXES
Parcel Number
00034-0041
Land Assessment
$1,572 CAD
Improvements Assessment
$150,395 CAD
Total Assessment
$151,967 CAD
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LIC Gut Renovated 6 Unit FM Walk-up | 542 51st Ave
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