205 Vespucci Avenue | 205 Vespucci Ave
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205 Vespucci Avenue 205 Vespucci Ave
4 Unit Block of Flats £1,261,611 (£315,403/Unit) 5.52% Net Initial Yield Copiague, NY 11726
Investment Highlights
- Tenants Pay For Both Heat And Electricity. The Building Has Been Fully Renovated.
Executive Summary
Mint condition legal 4 family, all apartments fully renovated, tenants pay for both heat and electricity. Very large apartments, huge parking lot, turnkey property with rental upside. Tenants Pay For Both Heat And Electricity. The building Has Been Fully Renovated.
*See attachment for apartment rental rates and mix.
*See attachment for apartment rental rates and mix.
Property Facts
| Price | £1,261,611 | Apartment Style | Garden |
| Price Per Unit | £315,403 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Net Initial Yield | 5.52% | Building Size | 3,390 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1910/2022 |
| Property Subtype | Apartment | Parking Ratio | 3.54/1,000 SF |
| Price | £1,261,611 |
| Price Per Unit | £315,403 |
| Sale Type | Investment |
| Net Initial Yield | 5.52% |
| Sale Conditions | 1031 Exchange |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 3,390 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1910/2022 |
| Parking Ratio | 3.54/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 2 | £1,815 | - |
| 3+1 | 2 | £2,012 | - |
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PROPERTY TAXES
| Parcel Number | 0100-199-00-02-00-021-000 | Improvements Assessment | £3,223 |
| Land Assessment | £790 | Total Assessment | £4,013 |
PROPERTY TAXES
Parcel Number
0100-199-00-02-00-021-000
Land Assessment
£790
Improvements Assessment
£3,223
Total Assessment
£4,013
zoning
| Zoning Code | Residential (Non-conforming pre-existing) |
| Residential (Non-conforming pre-existing) |
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Phillip Cuff - Cuff Commercial Real Estate
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205 Vespucci Avenue | 205 Vespucci Ave
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