3615 Greenpoint Ave
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3615 Greenpoint Ave
4 Unit Block of Flats £1,499,100 (£374,775/Unit) 6.95% Net Initial Yield Long Island City, NY 11101
Investment Highlights
- Walking blocks from bus line.
- Heavy foot traffic.
Executive Summary
4 unit mixed use commercial building with private backyard. 1st floor is retail, currently used as restaurant, and duplex 2 bedroom, 2 full bath with finished basement and private backyard. The 2nd floor is 2 bedroom and 1 bath plus 3 bedrooms and 2 full bathroom, open kitchen with dining area, living room. Each unit has its own boiler and electric meter. Next to all. Great for self use and investor. Currently generate around $135k annual income, huge potential with increase in rent.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,499,100 | Building Class | C |
| Price Per Unit | £374,775 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 1,461 SF |
| Net Initial Yield | 6.95% | Number of Floors | 2 |
| No. Units | 4 | Year Built | 1931 |
| Property Type | Residential | Parking Ratio | 2.05/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | £1,499,100 |
| Price Per Unit | £374,775 |
| Sale Type | Investment |
| Net Initial Yield | 6.95% |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 1,461 SF |
| Number of Floors | 2 |
| Year Built | 1931 |
| Parking Ratio | 2.05/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Storage Space
- Walk-Up
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Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (80)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 00236-0001 | Improvements Assessment | £118,419 (2024) |
| Land Assessment | £120,787 (2024) | Total Assessment | £239,206 (2024) |
PROPERTY TAXES
Parcel Number
00236-0001
Land Assessment
£120,787 (2024)
Improvements Assessment
£118,419 (2024)
Total Assessment
£239,206 (2024)
zoning
| Zoning Code | R5 (With a height limit of 40 feet, R5 districts provide a transition between lower- and higher-density neighborhood) |
| R5 (With a height limit of 40 feet, R5 districts provide a transition between lower- and higher-density neighborhood) |
-
Mitch Slavuter -
Katie Qu -
Prime Realty
(718) 229-2922
x102
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3615 Greenpoint Ave
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