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Property view

191-08 Station, 
Bayside, NY 11358

$1,550,000


—

Bed


—

Bath


-

Sq Ft


Multi-Family

Active

Listed by

Young N. Kim

, 

Hyounghwaqn Khoo

Cana Realty

Last updated:

October 19, 2026, 11:41 AM

MLS#

1062507

Source:

OneKey MLS

About This Home

191-08 Station

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).

Home Facts

Multi-Family

Built in 1951

Price Summary

1,550,000

MLS #:

1062507

Last Updated:

October 19, 2026, 11:41 AM

Added:

5 day(s) ago


Structure

Structure

Year Built:

1951


Finances & Disclosures

Finances

Price:

$1,550,000

Source:OneKey MLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.