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$1,550,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1062507
Rental Info No
Year Built 1951
Annual Tax Amount $26,297
Property Sub-Type Quadruplex
Source onekey2
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)
Expenses: Property Tax: $26,297
Insurance: $2,800
Gas (Heating): $1,300
Water & Sewer: $700
Repairs & Maintenance: $1,200
Total Annual Expenses: $32,297
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).
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)
Expenses: Property Tax: $26,297
Insurance: $2,800
Gas (Heating): $1,300
Water & Sewer: $700
Repairs & Maintenance: $1,200
Total Annual Expenses: $32,297
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).
Location
State NY
County Queens
Rooms
Basement Full
Interior
Interior Features Original Details
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Detached
Utilities Available Cable Available, Electricity Available, Natural Gas Available
Total Parking Spaces 6
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 31 Bayside
Middle Schools Irwin Altman Middle School 172
High Schools Queens 26
School District Queens 26
Others
Senior Community No
Special Listing Condition None
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Listed by Cana Realty • Young N. Kim
NEARBY SCHOOL & BUSINESS
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