190-15 Crocheron Avenue, Flushing, NY 11358
Queens County
Key Facts
Description
Opportunity is knocking with this legal 8-family Tudor in the highly sought-after Auburndale neighborhood. This exceptional investment property features six spacious 1-bedroom apartments and two 2-bedroom, 2-bath duplex units, offering strong current income with additional upside potential. The building includes newer boilers and upgraded electrical systems, providing peace of mind for investors. Conveniently located near the Auburndale LIRR station, residents enjoy an easy commute to Manhattan and access to nearby amenities. With an estimated NOI of $135,615 and significant value-add opportunities, this property presents tremendous future potential. Investors may increase income by completing the basement space, where first-floor apartments could potentially be converted into legal duplex units, adding approximately 588 square feet to each apartment, subject to approvals and compliance with NYC zoning and building regulations. Additional basement space may also be utilized for common laundry facilities and tenant storage areas. The property also offers the possibility of conversion back into two 4-family buildings, subject to compliance with NYC zoning and building codes. A rare opportunity to acquire a high-income-producing property with immediate cash flow and long-term growth potential.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1931
Stories
3
Living Area
8,600 sq ft
MLS® Listing#
1021709
Property Features
Cooling
Heating
Basement
Parking
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$44,676
Parcel Number
190-17 Crocheron Av
Directions
See Google Maps
Affordability Calculator
$540,000
Estimated monthly payment
$14,371/mo
Principal $2,159,999 · Est. interest $3,013,391 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Flushing, NY
- $713,218
- Median Listing Price
- 75
- Median Days on Market
- 820
- Median Sq Ft
- $798
- Median Price / Sq Ft
- 785
- Active Listings
- This home’s price is 279% above the area median.
- Its price per sq ft is 61% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Flushing, NY.
Location
Points of Interest in Flushing, NY
Showing the Flushing area map.
Nearby Schools
World Journalism Preparatory School
Secondary · 0.1 mi away
I. S. 025 Adrien Block
Secondary · 0.1 mi away
P233q @ I. S. 25
Secondary · 0.1 mi away
P. S 032 the State Street School
Elementary · 0.2 mi away
Angela Demarinis
School · 0.4 mi away
Ciara Greene School of Irish Step Dancing
School · 0.4 mi away
International Nursery School & Kindergarten
School · 0.4 mi away
P. S. 130
Elementary · 0.5 mi away
Soowooks Academy
School · 0.5 mi away
William Spyropoulos School
School · 0.5 mi away
Holy Cross High School
Secondary · 0.6 mi away
The Lowell School
School · 0.6 mi away
PS 159
Elementary · 0.6 mi away
P. S 107 Thomas A Dooley
Elementary · 0.7 mi away
P811q @ Bayside H. S
School · 0.8 mi away
Bayside High School
Secondary · 0.8 mi away
My Little Sweetheart
School · 0.9 mi away
Lutheran School of Flushing & Bayside
Elementary · 1.0 mi away
PS 22
Elementary · 1.0 mi away
The Coder School Bayside
School · 1.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 131-56 41st Ave, Flushing, NY | $1,890,000 | 8 | 4 | — |
| 136-33 37th Avenue 9B, Flushing, NY | $1,899,000 | — | — | 1,589 |
| 38-34 Parsons Boulevard CF2/1B, Flushing, NY | $1,900,000 | — | — | 2,189 |
| 3326 162nd Street, Flushing, NY | $1,928,000 | 5 | 4 | 2,912 |
| 138-18 Northern Boulevard PH2D, Flushing, NY | $1,942,500 | 3 | 2 | 1,397 |
| 196-64 45th Avenue, Flushing, NY | $1,950,000 | 6 | — | 2,909 |
Moving Cost Estimate
EXIT Agents in Flushing
Listing Courtesy: Island Advantage Realty LLC - 6313516000
Presented by: Bianca G. Collado
Fair Housing Notice