3358 162nd Street
About This Property
The first floor offers 2 bedrooms and 1 full bath, while the second floor features 4 bedrooms and 1 full baths. Additional space includes an attic and unfinished basement, offering great storage and future-use potential. The property also features a detached garage, and private driveway.
Located on a high-elevation lot with no flooding concerns, this home combines comfort, space, and long-term value. Prime North Flushing location within walking distance to the LIRR station, shops, parks, and buses to the subway. Convenient to shopping, dining, schools, and daily amenities. A rare large-lot, fully renovated home in one of North Flushing's most desirable 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%.
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 |
|---|---|---|---|
| Jul 27, 2026 | Listed by Chase Global Realty Corp | $1,598,000 | |
| Listed by Chase Global Realty Corp | |||
| Mar 7, 2024 | Sold | ||
| Sold | |||
| Dec 8, 2023 | In contract | - | |
| In contract | |||
| Nov 13, 2023 | Listed by RE/MAX Frontier | $1,288,000 | |
| Listed by RE/MAX Frontier | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017