Bldg 2 | 113 Bay Ave
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Bldg 2 113 Bay Ave
5 Unit Block of Flats £1,122,100 (£224,420/Unit) 8.42% Net Initial Yield Patchogue, NY 11772
Executive Summary
Newly Renovated (except for 1 apartment that can be renovated prior to closing)
4 Apartments (One 4BR/2 Bath, Three 2BR/1 Bath and One 1BR/1 Bath)
1 commercial units
Private Parking
Low Taxes
3 Buldings, 1 Tax Lot
4 Apartments (One 4BR/2 Bath, Three 2BR/1 Bath and One 1BR/1 Bath)
1 commercial units
Private Parking
Low Taxes
3 Buldings, 1 Tax Lot
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,122,100 | Building Class | C |
| Price Per Unit | £224,420 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 3,500 SF |
| Net Initial Yield | 8.42% | Average Occupancy | 100% |
| No. Units | 5 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1960/2023 |
| Property Subtype | Apartment | Parking Ratio | 2.86/1,000 SF |
| Apartment Style | Low Rise |
| Price | £1,122,100 |
| Price Per Unit | £224,420 |
| Sale Type | Investment |
| Net Initial Yield | 8.42% |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 3,500 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1960/2023 |
| Parking Ratio | 2.86/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 2 | £1,543 | 600 - 650 |
| 2+1 | 2 | £2,004 | 650 - 850 |
| 4+2 | 1 | £3,607 | 1,200 |
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PROPERTY TAXES
| Parcel Number | 0200-979-30-02-00-039-000 | Total Assessment | £2,324 (2023) |
| Land Assessment | £641 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £1,683 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
0200-979-30-02-00-039-000
Land Assessment
£641 (2023)
Improvements Assessment
£1,683 (2023)
Total Assessment
£2,324 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2022
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Bldg 2 | 113 Bay Ave
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