11110-12 Rockaway Beach Blvd, Queens, New York 11694
Rockaway Beach Multifamily Investment
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Property Description

Property currently consists of 2 two story multifamily buildings with a total of 9 Residential apartments. The Front building consists of 5 units which are currently occupied and the Rear building consists of 4 units which are currently vacant and require approximately $250,000 to renovate.

Property Details

Price:1100000
No. Units:9
Building Size:4880 SF
Price/Unit:$108,333.33
Property Type:Multi-Family
Property Sub-type:Garden/Low-Rise
Property Use Type:Investment
Cap Rate:8.6%
Gross Rent Multiplier:
Occupancy:56%
No. Stories:2
Year Built:1930
Lot Size:4880 SF

Units

Unit Mix

DescriptionNo. UnitsAvg. Mo. Rent
2 Bedroom 1 Bath7
3 Bedroom 1 Bath2

Financial Summary

Scheduled Gross Income$147780
Effective Gross Income$140391
Operating Expenses$46015
Net Operating Income$94376

Debt & Equity Information

Major Tenants

TenantSF OccupiedLease Expired