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Doran 8916 Doran Ave 2 Unit Apartment Building $2,212,376 CAD ($1,106,188 CAD/Unit) 4.85% Cap Rate Glendale, NY 11385
Investment Highlights
- Ideal Investment or 1031 exchange
Executive Summary
Ideal long-term investment with upside in property prices. Great for a secure 1031 investment with a 5% cash-on-cash return.
Only 2 long-term tenants without dealing with NYS rent stabilization. Tenants pay their own utilities, including heat and hot water. Owner pays R.E and Water tax plus insurance. Low-maintenance property. This property is one of the best in Glendale, Queens, due to the unusual size of the lot: it is on a 63x90 lot. Another main feature is that it has 3-car indoor garages and an additional 8 on-site car spots.
Only 2 long-term tenants without dealing with NYS rent stabilization. Tenants pay their own utilities, including heat and hot water. Owner pays R.E and Water tax plus insurance. Low-maintenance property. This property is one of the best in Glendale, Queens, due to the unusual size of the lot: it is on a 63x90 lot. Another main feature is that it has 3-car indoor garages and an additional 8 on-site car spots.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+3 | 2 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03873-0010 | Total Assessment | $73,492 CAD (2026) |
| Land Assessment | $21,146 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $52,346 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
03873-0010
Land Assessment
$21,146 CAD (2026)
Improvements Assessment
$52,346 CAD (2026)
Total Assessment
$73,492 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Doran | 8916 Doran Ave
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