Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | Studio |
Financials
24-20 Jackson Ave Floor 3
Long Island City, NY 11101, USA
Phone: +1 929-442-2208
Listing Courtesy of Cana Realty
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.
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).
Amenities
- Cable - Available
- Electricity Available
- Natural Gas Available
- Original Details

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.