157-15 Oak Avenue
About This Property
This well-maintained detached home sits on a premium 60 x 110 corner lot (approx. 6,600 sqft) and is currently operating as a New York City licensed Group Family Daycare, offering a unique opportunity to live and run a business in one location.
The property features a bright and functional layout with abundant natural light, multiple windows, and flexible interior space, currently configured for daycare use with an open floor plan and dedicated outdoor play area. The secure, fenced yard and large paved outdoor space provide a safe and practical environment for childcare operations.
Offering 4 bedrooms and 2 full bathrooms, along with a usable basement with half bathroom and attic, the home provides ample space for both residential living and business use. A private driveway and garage add further convenience-an increasingly valuable feature in this area.
Recent improvements include updates to the roof and exterior, helping ensure the property is well-maintained and move-in ready.
Strategically located just minutes from Main Street and close to parks, a major hospital, shopping, dining, and public transportation, this property benefits from strong local demand-ideal for continued daycare operations or other potential uses (buyer to verify all use and zoning).
A truly rare "live and earn" opportunity combining residential comfort, established business use, and long-term investment value in one of Queens' most desirable neighborhoods. Opportunities like this are increasingly rare in Flushing.
Financials and daycare operation details available upon request.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Sold | ||
| Sold | |||
| Jun 29, 2026 | In contract | - | |
| In contract | |||
| Jun 9, 2026 | Relisted | $1,790,000 | |
| Relisted | |||
| May 27, 2026 | In contract | - | |
| In contract | |||
| May 5, 2026 | Price Decreased |
$1,790,000
↓ $60K
(3.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017