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7962 68th Ave 6 Unit Apartment Building $2,401,000 CAD ($400,167 CAD/Unit) Middle Village, NY 11379
EXECUTIVE SUMMARY
First Time on the Market-Great Opportunity to Purchase this Three Story Mixed Use Building in the Heart of Middle Village. Six Fully Leased One and Two Bedroom Apartments. Lower Level for Professional Use. 6 Parking Spaces. Close to Transportation, Shopping, and School.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$219,520
|
$59.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$219,520
|
$59.88
|
| Taxes |
$52,136
|
$14.22
|
| Operating Expenses |
$30,523
|
$8.33
|
| Total Expenses |
$82,659
|
$22.55
|
| Net Operating Income |
$136,861
|
$37.33
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $219,520 |
| Annual Per SF | $59.88 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $219,520 |
| Annual Per SF | $59.88 |
| Taxes (CAD) | |
|---|---|
| Annual | $52,136 |
| Annual Per SF | $14.22 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,523 |
| Annual Per SF | $8.33 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $82,659 |
| Annual Per SF | $22.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $136,861 |
| Annual Per SF | $37.33 |
PROPERTY FACTS
| Price | $2,401,000 CAD | Building Class | C |
| Price Per Unit | $400,167 CAD | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 3,666 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Low-Rise | Parking Ratio | 1.9/1,000 SF |
| Zoning | R4 | ||
| Price | $2,401,000 CAD |
| Price Per Unit | $400,167 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,666 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | R4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 03783-0038 | Total Assessment | $456,476 CAD (2025) |
| Land Assessment | $8,961 CAD (2025) | Annual Taxes | $52,136 CAD ($14.22 CAD/SF) |
| Improvements Assessment | $447,514 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03783-0038
Land Assessment
$8,961 CAD (2025)
Improvements Assessment
$447,514 CAD (2025)
Total Assessment
$456,476 CAD (2025)
Annual Taxes
$52,136 CAD ($14.22 CAD/SF)
Tax Year
2024
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7962 68th Ave
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