BEDS0
BATHS
MLS#1062507
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens 26
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
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Taxes: $26,297
Year Built: 1951
Amenities
Original Details
Feature Descriptions
Days on Site: 1
Exterior: Brick
On Market Date: 2026-10-14
Parcel Number: 4-05356-0026
Parking Features: Detached
Parking Total: 6
Rental Term: Monthly
Sewer: Public Sewer
Units: 4
Utilities: Cable Available, Electricity Available, Natural Gas Available
Water: Public
Local Schools
High School: Francis Lewis High School
Middle School: Irwin Altman Middle School 172
Elementary School: Ps 31 Bayside
School District: Queens 26
Listed By / Shown By
Listing By
Agency Name: Cana Realty
Agency Phone: 347-542-3105
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 6,093.13 per month $3,449.63 Principal & Interest $2,191.42 Property Tax $452.08 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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191-08 Station | MLS# 1062507
This multi-family property located at 191-08 Station, Bayside, NY 11358 is currently listed for sale with an asking price of $1,550,000. 191-08 Station is located within the Queens 26 school district. Search Bayside real estate on www.coldwellbankerchoice.com today.