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6414 Wetherole St 17 Unit Apartment Building $16,294,642 CAD ($958,508 CAD/Unit) 5.43% Cap Rate Rego Park, NY 11374
Investment Highlights
- 5 total affordable units
- Luxurious bathrooms with contemporary finishes
- Secure entry and common areas
- Modern kitchens with stainless steel appliances
- In-unit climate control
- Elevator service
Executive Summary
Kassin Sabbagh Realty (KSR) has been entrusted with the sale of 64-16 Wetherole Street, a newly developed 421-a building located in Rego Park, Queens. This modern building comprises 30% affordable housing units and 70% market-rate units, offering a balanced living environment for various income levels. The affordable units are designed to provide comfortable and quality living spaces for families and individuals under city programs. The building includes one retail space currently rented to a Daycare Center which includes the basement. Located in Rego Park offers easy access to public transportation, shopping, dining, and parks.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $16,294,642 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $958,508 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.43% | Building Size | 17,845 SF |
| No. Units | 17 | No. Stories | 7 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R7-1 - Medium-high density residential; allows large multifamily with flexible bulk. | ||
| Price | $16,294,642 CAD |
| Price Per Unit | $958,508 CAD |
| Sale Type | Investment |
| Cap Rate | 5.43% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 17,845 SF |
| No. Stories | 7 |
| Year Built | 2020 |
| Opportunity Zone |
Yes |
| Zoning | R7-1 - Medium-high density residential; allows large multifamily with flexible bulk. |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Corporate Suites
- Elevator
- Smoke Detector
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03096-0079 | Improvements Assessment | $1,659,390 CAD |
| Land Assessment | $311,267 CAD | Total Assessment | $1,970,657 CAD |
Property Taxes
Parcel Number
03096-0079
Land Assessment
$311,267 CAD
Improvements Assessment
$1,659,390 CAD
Total Assessment
$1,970,657 CAD
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6414 Wetherole St
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