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Joshuas Path Apartments 1887 Joshuas Path

4 Unit Block of Flats £874,962 (£218,740/Unit) 8.55% Net Initial Yield Central Islip, NY 11722

Investment Highlights

  • Possible student housing and Airbnb opportunities, centrally located.

Executive Summary

Portfolio sale of 1889 Joshuas Path and 1887 Joshuas Path apartments, rooms for rent, office and parking spaces.

Attachments

Deal Joshuas Path Apartments

Financial Summary (Actual - 2022)

Annual Annual Per SF
Gross Rental Income £96,405 £24.10
Other Income £1,432 £0.36
Vacancy Loss - -
Effective Gross Income £97,837 £24.46
Taxes £11,136 £2.78
Operating Expenses £11,931 £2.98
Total Expenses £23,067 £5.77
Net Operating Income £74,769 £18.69

Financial Summary (Actual - 2022)

Gross Rental Income
Annual £96,405
Annual Per SF £24.10
Other Income
Annual £1,432
Annual Per SF £0.36
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £97,837
Annual Per SF £24.46
Taxes
Annual £11,136
Annual Per SF £2.78
Operating Expenses
Annual £11,931
Annual Per SF £2.98
Total Expenses
Annual £23,067
Annual Per SF £5.77
Net Operating Income
Annual £74,769
Annual Per SF £18.69

Property Facts

Price £874,962 Building Class C
Price Per Unit £218,740 Lot Size 0.25 AC
Sale Type Investment Building Size 4,000 SF
Net Initial Yield 8.55% Average Occupancy 100%
No. Units 4 Number of Floors 3
Property Type Residential Year Built/Renovated 1945/2020
Property Subtype
Apartment
  • Multifamily Dormitory
 Parking Ratio 1.5/1,000 SF
Apartment Style Low Rise
Price £874,962
Price Per Unit £218,740
Sale Type Investment
Net Initial Yield 8.55%
No. Units 4
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.25 AC
Building Size 4,000 SF
Average Occupancy 100%
Number of Floors 3
Year Built/Renovated 1945/2020
Parking Ratio 1.5/1,000 SF

Unit Amenities

  • Cable Ready
  • Dishwasher
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Security System
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Vaulted Ceiling
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Wi-Fi
  • Yard
  • Grill
  • Basement
  • Breakfast Nook
  • Dining Room
  • Family Room
  • Garden
  • Lawn
  • Linen Cupboard
  • Mother-in-law Unit
  • Office
  • Pantry
  • Patio
  • Smoke Free
  • Window Coverings

Site Amenities

  • 24 Hour Access
  • Business Centre
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Picnic Area
  • Playground
  • Security System
  • Car Wash Area
  • Pet Play Area
  • Recycling
  • Smoke Free
  • Rubbish Collection - Kerbside
  • Wi-Fi
  • Storage Space
  • Bicycle Storage
  • Car Charging Station
  • Community-Wide Wi-Fi
  • Multi Use Room
  • Public Transportation
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PROPERTY TAXES

Parcel Number 0500-097-00-01-00-075-000 Total Assessment £38,339 (2023)
Land Assessment £7,477 (2023) Annual Taxes £11,136 (£2.78/sf)
Improvements Assessment £30,862 (2023) Tax Year 2022

PROPERTY TAXES

Parcel Number
0500-097-00-01-00-075-000
Land Assessment
£7,477 (2023)
Improvements Assessment
£30,862 (2023)
Total Assessment
£38,339 (2023)
Annual Taxes
£11,136 (£2.78/sf)
Tax Year
2022

zoning

Zoning Code AA (Residential)
AA (Residential)
(347) 531-5520

Contact

  • Listing ID: 29575930

  • Date on Market: 21/09/2023

  • Last Updated:

  • Address: 1887 Joshuas Path, Central Islip, NY 11722

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Joshuas Path Apartments | 1887 Joshuas Path
(347) 531-5520 x

Joshuas Path Apartments | 1887 Joshuas Path

Walter Espinal

(347) 531-5520

(347) 531-5520

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