3911 27th St
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3911 27th St
2 Unit Block of Flats £1,397,652 (£698,826/Unit) 3.81% Net Initial Yield Long Island City, NY 11101
Investment Highlights
- Great Location - Close to Multiple Train Lines
- Great Opportunity for Residence Also
- Fully Occupied
Executive Summary
2 Family Home for sale in Long Island City. Month to month tenants paying $6,150 per month ( both are 2 bedroom / 1 bathroom units). Basement is finished.
Total SF of building is 1,640 SF. Lot size is 2,523 SF (25 by 100.92).
Zoning is M1-2/R5B/R5D; FAR of 2.
Located in an opportunity zone.
Annual taxes as per ACRIS - $7,084 per year.
Total SF of building is 1,640 SF. Lot size is 2,523 SF (25 by 100.92).
Zoning is M1-2/R5B/R5D; FAR of 2.
Located in an opportunity zone.
Annual taxes as per ACRIS - $7,084 per year.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£58,941
|
£35.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£58,941
|
£35.08
|
| Taxes |
£5,658
|
£3.37
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£5,658
|
£3.37
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £58,941 |
| Annual Per SF | £35.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £58,941 |
| Annual Per SF | £35.08 |
| Taxes | |
|---|---|
| Annual | £5,658 |
| Annual Per SF | £3.37 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £5,658 |
| Annual Per SF | £3.37 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | £1,397,652 | Apartment Style | Garden |
| Price Per Unit | £698,826 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Net Initial Yield | 3.81% | Building Size | 1,680 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 2 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1910 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | £1,397,652 |
| Price Per Unit | £698,826 |
| Sale Type | Investment |
| Net Initial Yield | 3.81% |
| Sale Conditions | 1031 Exchange |
| No. Units | 2 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 1,680 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
Unit Amenities
- Basement
Site Amenities
- 24 Hour Access
- Fenced Lot
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (88)
zoning
| Zoning Code | M1-2/R5D/R5B (FAR is 2. Total buildable SF'age is 5,046.) |
| M1-2/R5D/R5B (FAR is 2. Total buildable SF'age is 5,046.) |
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3911 27th St
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