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).
Auburndale, located between Flushing and Bayside, is a residential and commuter Queens neighborhood with leafy side streets and a low-rise, suburban-leaning streetscape. The neighborhood’s character concentrates around Northern Boulevard near the Auburndale LIRR station, where small storefronts, bakeries, and everyday services line the corridor under steady traffic. Detached houses with porches and tidy front yards mix with brick garden apartments and mid-century co-ops. Alley Pond Park’s trails and wetlands shape the eastern edge with a quieter, outdoorsy rhythm. Bell Boulevard’s dining strip in nearby Bayside adds a polished night-out circuit without changing Auburndale’s calm tone.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Original details
Full basement
Heating & cooling
Baseboard heating
Wall/window unit cooling
Parking
Detached parking
Parking for 6 vehicles
Construction
Brick construction
Utilities
Public sewer
Cable, electricity, and natural gas available
Electricity and solar
View estimated energy costs and solar savings for this home
Estimated 71-79% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 99° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
6 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Bayside, NY • 11358
Average low and high temperatures (°F)
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66
76
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66
54
55
43
41
31
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Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 6% for direct sun exposure in Bayside. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 191-08 Station
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $1,130,000 and $1,690,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.1M to $1.7M.