149-18 Cherry Avenue
About This Property
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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 |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Oct 28, 2025 | In contract | - | |
| In contract | |||
| Sep 22, 2025 | Listed by Winzone Realty Inc | $1,450,000 | |
| Listed by Winzone Realty Inc | |||
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A 41X100 lot size and R3X zoning in the heart of Flushing. Already have approved drawing. The property is conveniently located near shops, supermarkets in Downtown Flushing, the business corridor on Northern Blvd, schools, the LIRR, and other transportation options. Appearance: Good.
| |||
| Jan 16, 2025 | Sold | ||
| Sold | |||
| Jun 18, 2024 | Listed by Prospes Real Estate Corp | $1,300,000 | |
| Listed by Prospes Real Estate 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