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5409 HILLBURN AVENUE
About This Property
Welcome to this this charming Cape Cod style home, built in 1947, offers a unique opportunity for those with a vision to transform it into their dream residence. With a total of 1569 square feet of above-grade living space and a generous 0.14-acre lot, this property provides ample room to customize and expand. The home features 3 bedrooms and 3 full baths. The property boasts a cozy kitchen with living/dining combo and a spacious rear yard, perfect for outdoor gatherings or gardening. While the property is being sold as-is and may require some repairs and updates, it is brimming with potential to enhance its value and create a personalized haven. Note that utilities might not be able to be activated for inspection or appraisal, so cash or renovation loans are recommended. This property may not qualify for traditional financing due to its condition, but with a bit of creativity and effort, it could become a truly special home.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 3, 2025 | Sold | ||
| Sold | |||
| Sep 6, 2025 | In contract | - | |
| In contract | |||
| Aug 29, 2025 | Listed by Lazar Real Estate | $349,400 | |
| Listed by Lazar Real Estate | |||
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**OPEN HOUSE CANCELLED**Welcome to 5409 Hillburn Ave, located on a quiet street in the highly sought-after Hamilton community. This beautifully updated 4 bedroom, 3 bathroom home offers the perfect blend of comfort, style, and functionality. As you step inside, you're greeted by a stunning fireplace, abundant natural light, and a stylish accent wall that adds a touch of sophistication. The spacious living room flows seamlessly into the formal dining area, featuring modern lighting and an open-concept layout—ideal for both everyday living and entertaining. The gourmet chef’s kitchen is a true showstopper, boasting ample counter and cabinet space, sleek stainless steel appliances, and a convenient breakfast bar for additional seating. Two well-appointed bedrooms and a full bathroom are conveniently located on the main level, perfect for guests or multigenerational living. Upstairs, you'll find a generous primary suite complete with a luxurious en suite bathroom. The fully finished basement extends the living space with a large rec room, an additional bedroom, a full bathroom, and a dedicated laundry room. Step outside to your private oasis, where a charming front porch and a rear deck overlook an expansive backyard—perfect for outdoor gatherings and relaxing evenings. Don’t miss the opportunity to make this exceptional property your new home!
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| Apr 30, 2025 | Sold | ||
| Sold | |||
| Mar 28, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017