3218 172nd Street
About This Property
Situated on a 40x100 lot, the home features 5 bedrooms and 3 full bathrooms. With low annual real estate taxes of just $11,597. The main level includes a spacious living room with a wood-burning fireplace, a formal dining room, a kitchen, a full bathroom, two generously sized bedrooms, and a enclosed bright sunroom with three skylights and direct access to the backyard, creating a seamless indoor-outdoor living experience.
The second floor is currently configured as a private primary suite, featuring a full bathroom and an adjoining bonus room that can easily function as a bedroom, home office, nursery, or dressing room.
The finished basement, featuring a separate entrance and multiple windows, offers a large recreation room, office area, summer kitchen, laundry room, and ample storage space, providing excellent flexibility for extended living, entertaining, guest accommodations, or work-from-home needs.
Additional highlights include a detached two-car garage, beautifully maintained landscaping, garden sprinkler system and a private backyard designed for outdoor relaxation and gatherings.
Conveniently located in one of Queens' most established residential communities, the home is just moments from Bowne Park, shopping, dining, schools, and public transportation, including the LIRR for easy access to Manhattan and the Q16 and Q28 bus lines right on the block.
Meticulously maintained and truly move-in ready, this exceptional residence offers a rare combination of architectural character, spacious living, and a prime North Flushing location, making it an outstanding opportunity in one of the area's most sought-after neighborhoods.
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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%.
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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 |
|---|---|---|---|
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Jun 23, 2026 | Listed by E Realty International Corp | $1,599,000 | |
| Listed by E Realty International Corp | |||
| Nov 10, 2021 | Sold | ||
| Sold | |||
| Aug 8, 2021 | In contract | - | |
| In contract | |||
| Jul 8, 2021 | Listed by E Realty International Corp | $1,298,000 | |
| Listed by E Realty International Corp | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017