147-02 29th ave
About This Property
room and eat-in kitchen layout, a lower level recreation room, a laundry room and plenty of closet
space.
Located on a large corner lot on a dead-end street, there is a two car garage with driveway parking for
two additional cars. There is a spacious rear yard and patio, with access to the recreation room.
The house is located within easy walking distance to an elementary school, a jr high school, Flushing
Memorial Park, Main Street shopping and several houses of worship. It is a short bus ride to downtown
Flushing shopping, the No 7 subway and the LIRR, and Flushing High School from the bus stop around
the corner.
The property is zoned R2A which allows the construction of substantial additional space either on a third
floor or in the rear yard, as well as the possibility of creating a separate dwelling unit. This provides the
property with significant additional value, either now or in the future.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 14, 2025 | Sold | ||
| Sold | |||
| Mar 21, 2025 | In contract | - | |
| In contract | |||
| Feb 28, 2025 | Price Decreased |
$1,290,000
↓ $85K
(6.2%) | |
| Price Decreased | |||
| Feb 3, 2025 | Listed by Chase Global Realty Corp | $1,375,000 | |
| Listed by Chase Global Realty Corp | |||
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About Northeastern Queens
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017