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546 W 188th St 4 Unit Apartment Building $2,495,592 CAD ($623,898 CAD/Unit) 6% Cap Rate New York, NY 10040



INVESTMENT HIGHLIGHTS
- One block from 1 train
- Close to George Washington Bridge
EXECUTIVE SUMMARY
Well maintained legal 4 family residential building
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$133,584
|
$35.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$133,584
|
$35.91
|
| Taxes |
$9,184
|
$2.47
|
| Operating Expenses |
$22,264
|
$5.98
|
| Total Expenses |
$31,448
|
$8.45
|
| Net Operating Income |
$102,136
|
$27.46
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $133,584 |
| Annual Per SF | $35.91 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $133,584 |
| Annual Per SF | $35.91 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,184 |
| Annual Per SF | $2.47 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,264 |
| Annual Per SF | $5.98 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $31,448 |
| Annual Per SF | $8.45 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $102,136 |
| Annual Per SF | $27.46 |
PROPERTY FACTS
| Price | $2,495,592 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $623,898 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 6% | Building Size | 3,720 SF |
| Sale Condition | 1031 Exchange | No. Stories | 4 |
| No. Units | 4 | Year Built | 1920 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R7-2 - Medium-Density Apartment House District with Lower Parking Requirements. | ||
| Price | $2,495,592 CAD |
| Price Per Unit | $623,898 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 3,720 SF |
| No. Stories | 4 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | R7-2 - Medium-Density Apartment House District with Lower Parking Requirements. |
AMENITIES
UNIT AMENITIES
- Heating
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $3,154 CAD | 930 |
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 2158-0015 | Total Assessment | $75,503 CAD (2025) |
| Land Assessment | $44,299 CAD (2025) | Annual Taxes | $9,184 CAD ($2.47 CAD/SF) |
| Improvements Assessment | $31,204 CAD (2025) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
2158-0015
Land Assessment
$44,299 CAD (2025)
Improvements Assessment
$31,204 CAD (2025)
Total Assessment
$75,503 CAD (2025)
Annual Taxes
$9,184 CAD ($2.47 CAD/SF)
Tax Year
2022
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Presented by
Cooltone Ltd
546 W 188th St
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