40-29 167th Street
About This Property
Prime Flushing location! This beautifully renovated and exceptionally spacious one-family home is situated just half a block from the LIRR Broadway Station, offering convenient access to Manhattan and beyond. The home features 6 bedrooms and 4 full bathrooms, with bright, generous interior spaces and a thoughtfully designed layout. The full basement with a separate entrance provides additional living space and flexibility for a variety of needs. Completely renovated throughout with modern finishes, this home offers comfort, space, and convenience in one of Flushing's desirable residential neighborhoods. Just minutes from Downtown Flushing, Main Street, shopping, dining, and transportation, with convenient LIRR access to Grand Central Madison and Midtown Manhattan.
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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 |
|---|---|---|---|
| Sep 15, 2026 | Listed by Sweet Key Realty Group Inc | $1,588,000 | |
| Listed by Sweet Key Realty Group Inc | |||
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About Northeastern Queens
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017