16414 81st AvenueFresh Meadows, NY 11432
Queens County
Description
Welcome to 164-14 81st Ave, Fresh Meadows — a fully occupied, income-producing single-family property offering $7,600/month in current rental income and an attractive real real 7.8% cap rate based on the current asking price. The property generates $91,200 in annual gross rental income, with approximately $6,450 in annual property taxes and $2,000 in annual insurance expenses. Electricity, Water, Landscaping are paid directly by the tenant, helping keep the owner’s operating expenses low. This well-maintained 5-bedroom home features a spacious first floor with a living room, eat-in kitchen, one bedroom, and full bathroom. The second floor and attic offers four additional bedrooms. The full basement includes a second full bathroom and provides flexible space for recreation, storage, or other permitted uses. Additional features include a private driveway and one-car garage. Conveniently located near St. John’s University, with strong rental demand and access to local transportation, shopping, dining, and neighborhood amenities. A strong opportunity for investors seeking an income-producing residential asset in Fresh Meadows with substantial current rental income and favorable operating expenses.
Property Information
- Property type
- Residential
- Sub-type
- Single Family Residence
- Style
- A-Frame
- Year built
- 1920
- Living area
- 1,088 Sq Ft
- Lot size
- 0.06 acres
- Garage spaces
- 1
- Days on market
- 53
- MLS® Listing#
- 1033418
Property Features
- Appliances
- Gas Cooktop · Gas Oven
- Cooling
- Wall/Window Unit(s)
- Heating
- Natural Gas
- Flooring
- Hardwood
- Basement
- Finished
- Parking
- Driveway · Garage
- Construction
- Frame
- Utilities
- Electricity Available
- Sewer
- Public Sewer
- Water source
- Public
Schools
- Elementary
- Ps 131 Abigail Adams
- Middle
- Cambria Heights Academy
- High
- Cambria Heights Academy
Financial Details
- Annual taxes
- $6,370
- Assessed value
- $46,980
- Parcel number
- 07024-0006
Listing Courtesy: S10 Realty Group LLC - 6462860219
Presented by: Lina Shi RENE
Fair Housing NoticeFresh Meadows Market Statistics
How this home compares to 109 active listings in Fresh Meadows, NY
| Fresh Meadows median | This listing | |
|---|---|---|
| Median listing price | $1,000,000+ | $1,050,000 |
| Median days on market | 64 | 53 |
| Median Sq Ft | 1,429 | 1,088 |
| Median price / Sq Ft | $776 | $965 |
Market statistics compiled from active EXIT Realty® and MLS listings in Fresh Meadows, NY.
Location
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 164-33 77th Avenue, Fresh Meadows, NY | $1,090,000 | 5 | 3 | 1,260 |
| 76-53 172nd Street, Fresh Meadows, NY | $1,088,000 | 4 | 3 | 1,500 |
| 8023 169th Street, Hillcrest (Queens), NY | $1,100,000 | 4 | 3 | 1,248 |
| 170-45 83rd Avenue, Jamaica, NY | $1,099,000 | 4 | 3 | 1,666 |