3231 163rd Street
About This Property
The home features 3 spacious bedrooms and 1.5 bathrooms, along with a bright and inviting layout perfect for both relaxing and entertaining. The main level offers comfortable living and dining areas, while the finished basement provides valuable additional space ideal for a family room, home office, gym, or recreation area.
Enjoy outdoor living with a screened-in porch - a perfect spot for morning coffee or evening gatherings. Additional highlights include a private garage, solid brick construction, and the convenience of a semi-detached layout allowing for extra light and airflow.
Located on a quiet residential block near parks, shopping, dining, schools, and public transportation, this home offers the perfect balance of neighborhood charm and city convenience. A wonderful opportunity to own a beautiful home in one of Queens' most desirable communities.
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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 |
|---|---|---|---|
| Jun 25, 2026 | In contract | - | |
| In contract | |||
| May 28, 2026 | Relisted | $950,000 | |
| Relisted | |||
| May 15, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Listed by Keller Williams Landmark II | $950,000 | |
| Listed by Keller Williams Landmark II | |||
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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