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2 Hillpark Avenue Great Neck, NY 2 Hill Park Ave
3 Unit Apartment Building $2,288,000 ($762,667/Unit) 4.17% Cap Rate Great Neck, NY 11021
Executive Summary
6 Parking Spots (2 Indoor Garage & 4 In Driveway). Private Laundry In Basement for each unit.L-Shaped Living Room/Dining Rooms. Eik. Many Closets. Each Apartment Has Separate Gas and Electric Meters. Choice Of North Or South Schools. Close To LIRR, Town,Shops,Highways, house of worship, Etc....
This is an income producer. All clean and ready to go. Do not need to spend nothing. Just collect rent.
2 of the units the rents are below market and you can easily increase the rentals or is also good for an end user.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$114,000
|
$35.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$114,000
|
$35.63
|
| Taxes |
$18,500
|
$5.78
|
| Operating Expenses |
$4,500
|
$1.41
|
| Total Expenses |
$23,000
|
$7.19
|
| Net Operating Income |
$91,000
|
$28.44
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $114,000 |
| Annual Per SF | $35.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $114,000 |
| Annual Per SF | $35.63 |
| Taxes | |
|---|---|
| Annual | $18,500 |
| Annual Per SF | $5.78 |
| Operating Expenses | |
|---|---|
| Annual | $4,500 |
| Annual Per SF | $1.41 |
| Total Expenses | |
|---|---|
| Annual | $23,000 |
| Annual Per SF | $7.19 |
| Net Operating Income | |
|---|---|
| Annual | $91,000 |
| Annual Per SF | $28.44 |
Property Facts
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Eat-in Kitchen
- Dining Room
About 2 Hill Park Ave , Great Neck, NY 11021
Legal 3 Family Building. 3 units. two 3 bedrooms and 2 baths and one 1 bedroom and 1 bath. 6 Parking Spots (2 Indoor Garage & 4 In Driveway). Private Laundry In Basement for each unit.L-Shaped Living Room/Dining Rooms. Eik. Many Closets. Each Apartment Has Separate Gas and Electric Meters. Choice Of North Or South Schools. Close To LIRR, Town,Shops,Highways, house of worship, Etc.... This is an income producer. All clean and ready to go. Do not need to spend nothing. Just collect rent. Please do not disturb the tenants. SERIES BUYERS. MUST HAVE PROOF OF FUNDS OR APPROVALS MORTGAGE.
zoning
| Zoning Code | R |
| R |
-
Ari Ouriel - A & I Home Group Inc.
Learn More About Investing in Apartment Buildings
Presented by
A & I Home Group Inc.
2 Hillpark Avenue Great Neck, NY | 2 Hill Park Ave
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