4320 Hamilton Pl
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4320 Hamilton Pl
8 Unit Apartment Building $2,250,000 ($281,250/Unit) 4.87% Cap Rate Flushing, NY 11363
Executive Summary
Remarkable Tudor-Style 8-Family Rent Stabilized Property in Douglaston, NY Nestled in the picturesque enclave of Douglaston, this hidden gem offers a unique investment opportunity. This legal 8-family Tudor-style building is perfectly positioned just a short distance from the LIRR and Northern Blvd, providing convenient access to transportation, shops, schools, and places of worship. The property features a mix of 4 one-bedroom and 4 two-bedroom units, The building boasts a detached 6-car garage. A solid consistent income with lease. Four doors/entrance with two units each. . Key updates include a gas boiler installed less than three years ago, as well as a younger roof and windows. Each unit is adorned with beautiful hardwood floors, and second-floor units offer additional storage space with access to the attic. The basement is dedicated to utilities, ensuring easy maintenance. Set on a large, flat lot, this property combines historical charm with modern convenience, making it an attractive option for investors and residents alike. Selling As Is with tenants. Please respect tenants. Public transportation including LIRR nearby, house of worship and shopping., Additional information: Appearance:Very good,Interior Features:Lr/Dr, Building Size:66' X 57'
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,250,000 | Apartment Style | Low Rise |
| Price Per Unit | $281,250 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 4.87% | Building Size | 7,524 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment |
| Price | $2,250,000 |
| Price Per Unit | $281,250 |
| Sale Type | Investment |
| Cap Rate | 4.87% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 7,524 SF |
| No. Stories | 2 |
| Year Built | 1931 |
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 08107-0214 | Total Assessment | $328,536 (2024) |
| Land Assessment | $6,558 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $321,978 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
08107-0214
Land Assessment
$6,558 (2024)
Improvements Assessment
$321,978 (2024)
Total Assessment
$328,536 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R1-2 |
| R1-2 |
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4320 Hamilton Pl
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