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13502 Rockaway Blvd

4 Unit Block of Flats £1,175,046 (£293,762/Unit) 10.58% Net Initial Yield Jamaica, NY 11420

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Investment Highlights

Over 10% Cap Rate-Mixed Use Cash Cow, Store, 3 apartments and Garage/Shop

Easy Access to Public Transportation & all highways

Executive Summary

Store $4500 lease is ending
3 bedroom apt $3800 leased
1 bedroom apt $2100 leased
3 bedroom apt vacant $3,800
Garage/shop vacant $2500 leased
Total yearly income $200,400
Total yearly expenses (tax, insurance, utilities) taxes $16,700, insurance $6,000, common utilities $7,300
Total Annual expenses: $30,000
NOI: $170,400

13502flyerUPDATED

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£156,882	£34.82
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£156,882	£34.82
Taxes	£13,100	£2.91
Operating Expenses	£10,433	£2.32
Total Expenses	£23,532	£5.22
Net Operating Income	£133,350	£29.59

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£156,882
Annual Per SF	£34.82

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£156,882
Annual Per SF	£34.82

Taxes
Annual	£13,100
Annual Per SF	£2.91

Operating Expenses
Annual	£10,433
Annual Per SF	£2.32

Total Expenses
Annual	£23,532
Annual Per SF	£5.22

Net Operating Income
Annual	£133,350
Annual Per SF	£29.59

Property Facts

Price	£1,175,046	Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Price Per Unit	£293,762	Apartment Style	Low Rise
Sale Type	Investment	Lot Size	0.41 AC
Net Initial Yield	10.58%	Building Size	4,506 SF
No. Units	4	Number of Floors	2
Property Type	Residential	Year Built/Renovated	1961/2024

Price	£1,175,046
Price Per Unit	£293,762
Sale Type	Investment
Net Initial Yield	10.58%
No. Units	4
Property Type	Residential
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Apartment Style	Low Rise
Lot Size	0.41 AC
Building Size	4,506 SF
Number of Floors	2
Year Built/Renovated	1961/2024

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Walk Score ®

Very Walkable (84)

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of any address. Transit Score®

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Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	11759-0041	Total Assessment	£123,615 (2024)
Land Assessment	£59,654 (2024)	Annual Taxes	£13,100 (£2.91/sf)
Improvements Assessment	£63,961 (2024)	Tax Year	2023