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4320 Hamilton Pl 8 Unit Apartment Building $1,849,000 ($231,125/Unit) Flushing, NY 11363
Executive Summary
Located on a quiet residential block in the Whitestone section of Flushing, this well-maintained nine-unit multifamily property presents a rare opportunity to acquire a fully rent-stabilized asset in a highly desirable Queens neighborhood. The building offers a steady, predictable income stream supported by a long-term tenant base, making it an ideal fit for investors seeking stability and consistency in an otherwise volatile market.
The property benefits from a strong in-place cash flow with additional upside potential through regulated rent increases and operational improvements. With low tenant turnover and a dependable occupancy profile, ownership can enjoy a passive investment experience while gradually enhancing performance over time. This is a classic long-term hold asset suited for both seasoned investors and those looking to establish or expand a multifamily portfolio in New York City.
Positioned near major transportation routes, shopping, and neighborhood amenities, the location adds to the overall appeal, offering convenience for tenants and long-term value for ownership. Opportunities to acquire assets of this size and stability in this pocket of Queens are increasingly limited, making this a compelling addition to any investment portfolio.
The property benefits from a strong in-place cash flow with additional upside potential through regulated rent increases and operational improvements. With low tenant turnover and a dependable occupancy profile, ownership can enjoy a passive investment experience while gradually enhancing performance over time. This is a classic long-term hold asset suited for both seasoned investors and those looking to establish or expand a multifamily portfolio in New York City.
Positioned near major transportation routes, shopping, and neighborhood amenities, the location adds to the overall appeal, offering convenience for tenants and long-term value for ownership. Opportunities to acquire assets of this size and stability in this pocket of Queens are increasingly limited, making this a compelling addition to any investment portfolio.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$167,152
|
$22.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$167,152
|
$22.22
|
| Taxes |
$44,300
|
$5.89
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$44,300
|
$5.89
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $167,152 |
| Annual Per SF | $22.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $167,152 |
| Annual Per SF | $22.22 |
| Taxes | |
|---|---|
| Annual | $44,300 |
| Annual Per SF | $5.89 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $44,300 |
| Annual Per SF | $5.89 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,849,000 | Building Class | B |
| Price Per Unit | $231,125 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 7,524 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Parking Ratio | 0.4/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R1-2 - R1- R2- Residential development in R2 districts is limited exclusively to single-family detached houses | ||
| Price | $1,849,000 |
| Price Per Unit | $231,125 |
| Sale Type | Investment |
| 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 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | R1-2 - R1- R2- Residential development in R2 districts is limited exclusively to single-family detached houses |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08107-0214 | Total Assessment | $354,819 |
| Land Assessment | $8,855 | Annual Taxes | $44,300 ($5.89/SF) |
| Improvements Assessment | $345,964 | Tax Year | 2025 |
Property Taxes
Parcel Number
08107-0214
Land Assessment
$8,855
Improvements Assessment
$345,964
Total Assessment
$354,819
Annual Taxes
$44,300 ($5.89/SF)
Tax Year
2025
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4320 Hamilton Pl
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