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: $1,550,000Cap Rate: 4.83%Building Size: Approx. 2,368 SFLot 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 / yearUnit & 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: $26,297Insurance: $2,800Gas (Heating): $1,300Water & Sewer: $700Repairs & Maintenance: $1,200Total Annual Expenses: $32,297Investment 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).

Property Features

Local Schools