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4705 189th Street
About This Property
Well-maintained owner-occupied home situated on a quiet, tree-lined street in one of North Flushing's most desirable neighborhoods.
This home features 3 bedrooms and 2 full bathrooms, a spacious living room, formal dining room, and a bright eat-in kitchen. A full basement provides abundant storage and excellent potential for additional living space.
Property highlights include Anderson windows, charming front and rear porches with a lovely backyard, and a rare detached 2-car garage with convenient rear alley access. Situated on a 20' × 100' lot with low annual property taxes of only $8,292.
Located in an R3-2 zoning district, offering potential for a two-family conversion (subject to architect review and applicable approvals).
Conveniently located in the highly desirable School District 26, zoned for P.S. 162 John Golden School, J.H.S. 216 George J. Ryan, and Francis Lewis High School.
Easy access to the Q26 and Q27 bus lines with direct service to Flushing Main Street and the 7 train, as well as nearby shopping, restaurants, parks, schools, and everyday conveniences.
An excellent opportunity for both owner-occupants and investors alike.
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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 14, 2026 | Sold | ||
| Sold | |||
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| Jul 7, 2026 | Back on market | - | |
| Back on market | |||
| Jun 29, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 9, 2026 | Price Decreased |
$998,000
↓ $30K
(2.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017