Versatile Income-Producing Multifamily
For Sale
$1,875,000
Pending
227 Doughty Blvd, Inwood, NY 11096
Multifamily property featuring three separate living spaces on a large lot.
Property Size3,435 SF
Lot Size0.32 Acres
Days on Market141
Property Features for 227 Doughty Blvd
General Information
Standard status
Pending
Size
3,435 SF
Lot size
0.32 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$11,017
Building Details
Building Size
3,435 SF
Year Built
1925
Units
3
Listing Agency:
PIN IT REALTY LLC
(631) 235-2774
Listed By:
Jeanne De Frisco CBR
(631) 235-2774
Source:
Elliman
Added: Mar 24
Changed: Aug 9
Last Checked: Aug 11 at 10:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PIN IT REALTY LLC
Investment Insights
Based on property information with market context.
This property presents a versatile investment opportunity, featuring three separate living spaces on a 59 x 231 lot. The multi-residence portion includes two units. Unit 1, located on the ground level, features a 3-bedroom, 2-bathroom layout with a full kitchen, dining room, and living room. Unit 2, on the upper level, is a 2-bedroom, 1-bathroom unit with an open-concept kitchen, dining, and living room combination. Each unit has separate utilities and meters, as well as washer and dryer hookups. At the rear of the property is a single-residence home with 3 bedrooms and 2 full bathrooms. This home offers a kitchen with ample cabinetry and counter space, a living room, and a dining room. A two-car detached garage and parking are also included.
Key Highlights
- Exceptional income potential with three separate living spaces.
- Expansive 59 x 231 lot.
- Separate utilities/meters for each unit.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,967
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,679,340
$1.7M
Cap Rate 7%
$1,199,529
$1.2M
Cap Rate 9%
$932,967
$933.0K
Market Conditions
NOI Build-Up for 3,435 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$158.7K $46.20/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$152.7K $44.44/SF
− OpEx
−$68.7K −$20.00/SF
NOI
$84.0K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,679,340
Cap Rate 7%
$1,199,529
Cap Rate 9%
$932,967
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,967 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.22M – $2.95M
NOI $177,262 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,309
Businesses Nearby
Explore this area
Business Placement
Demographics for 11096, NY
9,645
Population
2,706
Households
3.6
Avg Household Size
33
Median Age
28%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
8,038
Density / Sq Mi
$88,160
Median Household Income
$40,754
Median Earnings
$1,944
Median Rent
$604,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property featuring three separate living spaces on a large lot.
Where is this multifamily property located?
The property is located at 227 Doughty Blvd Inwood, NY.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Exceptional income potential with three separate living spaces.; Expansive 59 x 231 lot.; Separate utilities/meters for each unit.
