43-51 166th Street
About This Property
This charming Mid-Block Colonial offers a perfect blend of space, location, and potential. Featuring 3 bedrooms and 1.5 bathrooms, this home is situated in the heart of East Flushing and boasts a layout ideal for comfortable living and entertaining.
Step inside to find a spacious living room with beautiful hardwood floors that flow seamlessly into a large formal dining room-perfect for gatherings. The generous eat-in kitchen includes a convenient butler's pantry, offering ample storage and prep space. One of the three bedrooms is located on the first floor, complete with a half bath, while the remaining two bedrooms are upstairs with a full bath situated between them.
This home sits on a desirable 40x100 lot and includes a detached 2-car garage with a private driveway that accommodates up to 3 additional vehicles. The full, unfinished basement features a separate entrance, as well as a second access point from the side of the house-an excellent opportunity for future customization or potential expansion.
Enjoy outdoor living in the private backyard, and take advantage of the unbeatable location: just steps from parks, schools, shopping, and public transportation. The LIRR Broadway station is only 5 blocks away, and multiple bus lines are just 2 blocks from your doorstep, making commuting a breeze.
While the home is in need of some updating and renovation, it presents a fantastic opportunity to personalize a property in a prime Queens neighborhood.
Don't miss out-this East Flushing gem is full of potential and ready for your vision. Perfect for an end user or investor!
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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 |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Jul 24, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Price Decreased |
$998,888
↓ $189K
(15.9%) | |
| Price Decreased | |||
| Apr 29, 2025 | Listed by RE/MAX 1st Choice | $1,188,000 | |
| Listed by RE/MAX 1st Choice | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017