194-08 37Th Ave, Flushing, NY 11358
This well-maintained, legal two-family brick home in Flushing, NY, presents a compelling investment opportunity. Priced at $998,000, the property boasts 1,848 square feet on a 22x84 lot, with the building itself measuring 22x33. Its excellent location is just three blocks from the LIRR Auburndale Station and a short walk to Q28 and Q76 bus routes, providing convenient access to public transportation. Situated in School District #26, the property offers a desirable residential setting. The fully fenced front and back yards provide privacy and outdoor space, enhanced by motion lights at all entrances for added security. Inside, hardwood floors and numerous windows create a bright and inviting atmosphere. A separate basement entrance offers additional storage. The property's proximity to shopping, restaurants, and schools makes it an attractive option for both residents and investors. This mixed-use property offers a blend of residential comfort and investment potential in a thriving neighborhood. The property's size, location, and features make it an ideal investment for those seeking a strong return in a desirable area of Queens.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.