191-08 Station, Bayside, NY 11358
- $1,550,000
- List Price
- $1,550,000
- Days on Market
- 0
- MLS#
- 1062507
- Status
- ACTIVE
Property Description
CANA Realty is pleased to present 191-08 Station Road, a premier 4-unit residential asset located in high-demand East Flushing along the Bayside border. Offering strong, stable in-place income with a 4.83% Cap Rate, this asset represents a secure investment in an extremely tight rental market. Executive Summary: Asking Price: $1,550,000 Cap Rate: 4.83% Building Size: Approx. 2,368 SF Lot Size: 3,100 SF (31' x 100') Parking: 6 On-Site Parking Spaces (Private Driveway & Rear Parking) In-Place Gross Income: $107,160 / year ($8,930 / month) Net Operating Income (NOI): $74,863 / year Unit & Income Breakdown: Unit Layout: 100% 1-Bed / 1-Bath Units (4 Units Total) Unit 1: $2,100 / mo ($25,200 / yr) Unit 2: $2,500 / mo ($30,000 / yr) Unit 3: $2,030 / mo ($24,360 / yr) Unit 4: $2,300 / mo ($27,600 / yr) Investment Highlights: Turnkey Cash Flow: Fully occupied with steady, reliable tenants producing $107,160 annual gross revenue. Rare Parking Capacity: Features 6 dedicated parking spaces, a major competitive advantage and value-add asset in Flushing/Bayside. Solid Construction: All-brick structure with low operating expenses and a full basement for utilities/storage. Prime Transit-Oriented Location: Just minutes to the LIRR Broadway Station for a fast commute into Manhattan, Northern Blvd, local dining, and top-rated Queens School District 26 (P.S. 31 / I.S. 25).
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Additional Information
- Year Built
- 1951
- School District
- Queens 26
- Elementary School
- Ps 31 Bayside
- Middle School
- Irwin Altman Middle School 172
- High School
- Francis Lewis High School
- Taxes Total
- 26297
- Heating
- Baseboard
- Parking
- Detached
- Parking Spaces
- 6
- Basement
- Full
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $26,297
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Listing courtesy of Listing Agent: Young N. Kim (danielkim8777@gmail.com) from Listing Office: Cana Realty.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.