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2610 18th St
Long Island City, NY 11102 Hallett's Cove

Price Upon Request

Apartments For Sale  •  6,477 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,477 SF
  • Lot Size 0.08 AC
  • Building Class B
  • Year Built 1912
  • Zoning R6B
77 Transit Score
93 Walk Score

Highlights

Excellent Tax Shelter with near-term Equity Appreciation Potential; Desireable Location nr Astoria Park and every form of Mass Transit
Multiple income streams! All units have similar layouts consisting of 4 rooms with 2 private bedrooms ('box-styled')
Attractive cap rate as interest rates are expected to be reduced as a result of the Fed Reserve's plan to initiate several rate cuts;
Recently paved sidewalk w/recently installed new entrance stoop and stainless steel building entrance door; recently paved rear courtyd
updated 'smart' electric meters w/circuit breakers panels in each apt & in the bsmt; 2 relatively new boilers - Gas steam heat & hot water
Low tenant tunrove - steady income; easy to rent affordable housing units

Financial Summary (Proforma)

Net Operating Income: $119,001 USD (2024)
Total Expenses: $167,459 USD

Amenities

  • 24 Hour Access
  • Heating
  • Hardwood Floors

Public Transportation

Commuter RailDriveWalkDistance
Woodside Station (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road) 7 min - 3.3 mi
Harlem-125Th Street Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 9 min - 4.2 mi
Transit/SubwayDriveWalkDistance
Astoria Boulevard (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 13 min 12 min 0.6 mi
30 Avenue (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 2 min 12 min 0.7 mi
Broadway (N Line) (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 2 min 20 min 1.1 mi
AirportDriveWalkDistance
Laguardia 8 min - 3.4 mi
John F Kennedy International 21 min - 14.6 mi
Newark Liberty International 30 min - 19.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Surface
Included in Rent: Yes