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8973 215th Street
Property Overview
Pending
1 / 11
11 listing photos · Tap Enlarge for full-size view
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Specs
3
Beds
3
Baths
Interior Living Space (Sq Ft)
1440 sq ft
Lot Size (Sq Ft)
3,300 sq ft
Year Built
1925
Price/Sq Ft (Living Area)
547$
Price/Sq Ft (Lot Size)
238$
Lifestyle
Walk Score
0
Transit Score
20
Neighborhood Vibe
A calculation based on nearby amenity density.
Taxes
%
Latest Check
Tax Year
Annual Tax
N/A
Assessed Value
N/A
Price History
Zestimate Range
$485k – $815k
+68.0%
since 2016
2016: $485kNow: $815k
Zillow Zestimate history · 121 data points
Environmental Hazards
Flood Risk
Zone X
Queens County experienced a Physical Disaster Declaration for severe flooding on May 20, 2026. Another disaster emergency was declared for Queens and other counties on October 12, 2025, due to a coastal storm that brought high winds, rain, and flooding. Historically, the remnants of Hurricane Ida caused deadly flooding in Queens in September 2021, particularly affecting basement apartments in neighborhoods like Woodside and Elmhurst. Bayside, Queens also experienced intense flooding with over 6 inches of rain on August 1, 2025. Overall, Queens Village has a moderate risk of flooding over the next 30 years, impacting approximately 21.9% of properties.
Zumintel Report
EVALUATED FOR: LIVING + STR (AIRBNB)
8973 215th Street, Queens Village, NY 11427
SINGLE_FAMILY•July 2, 2026•MLS #1018703•Pending
71/100
Living + STR Score
STR Regulation Warning: owner_occupied_only
Zone: R2 (Single-Family Residential) Zone ConfirmedOperating a non-owner-occupied short-term rental for less than 30 days is illegal in New York City and can result in significant fines and penalties.
Summary: Zumintel Engine determined this property is zoned R2 (Single-Family Residential). This property sits in an R2 (Single-Family Residential) district. Under New York City's Local Law 18, non-owner-occupied short-term rentals (under 30 days) are largely prohibited in residential areas. Only owner-occupied hosts who register with the Mayor's Office of Special Enforcement and are physically present during the guests' stay may operate, with a maximum of two guests.
Zoning determined by AI research. Verify your parcel before investing.Verify on official map
Executive Summary
Verdict Locked
Based on current list price and market conditions.
Est. Price
$787,000
Square Feet
1,440
Year Built
1925
Configuration
3bd / 3ba
Market Context
- Pricing PositionPriced competitively in a somewhat competitive seller's market.
- Liquidity RiskModerate liquidity with homes selling in approximately 43-49 days on market.
- NeighborhoodQuiet, neighborhood-oriented block with good access to shopping, public transportation, and major highways.
- Local MarketMedian Neighborhood Price: $825,000 (+2.1% YoY)Market Velocity: Increasing • Inventory: Low • Avg DOM: 43 days
- Investment PotentialEstimated Rent: $4,590/moCap Rate: 4.55% • 5-Year Growth: +11.0%
- STR MarketThe short-term rental market in New York City is highly restricted due to Local Law 18, which has severely limited full-apartment listings. The city actively enforces these regulations, making non-compliant operations a high-risk venture.
Location & Destination
Tourist Destinations
- ★John F. Kennedy International Airport (JFK)
- ★LaGuardia Airport (LGA)
- ★Flushing Meadows–Corona Park (Unisphere, Queens Museum)
- ★Citi Field (New York Mets stadium)
- ★Rockaway Beach
- ★Manhattan (via public transportation/major highways)
- Located on a quiet, residential block offering convenient access to local shopping and public transportation options.
- Good connectivity to major highways, facilitating travel throughout Queens and to other boroughs.
- Proximity to John F. Kennedy International Airport (6.1 miles) and LaGuardia Airport (7.6 miles) enhances regional and national accessibility.
Payment Calculator
$
$
Assumptions & Methodology
- •STR Data: Nightly yields mapped from regional AVM adjusted comps using a conservative median occupancy baseline. Verified via AI context.
- •Cap Rate: Derived mathematically (Market Adjusted Gross Yield minus standard expense, maintenance, and vacancy ratios).
- •Standard Math: Standard principle and interest amortized over 30-year fixed rates. Taxes and insurance are estimations.
Estimated Monthly Payment
$5,816
Principal & Interest
$3,980Operating Expenses/mo
$1,836House Hack Impact
Estimated Payment$5,816
-Projected STR Revenue-$3,450
Net Payment Out-of-Pocket$2,366/mo
The conventional US estimated payment calculation is for informational purposes only. Users are free to make their financial decisions based on their personal economic, ethical and religious belief systems.
Financial Performance
Based on 6.5% rate · 20% down · 30-yr fixedInvestment Analysis Locked
Detailed Cash Flow, Cap Rate, and ROI projections are available for Builder+ plans or by using Top-Up Credits.
Upgrade to Unlock Investment DataComparative Market Analysis
Validate the asking price against recent comparable sales in the area. Includes similarity scoring, price adjustments, and exclusion reasoning.
Strategic Assessment
Key Advantages
- •Move-in ready condition with newer boiler and hot water tank.
- •Features a basement with a bonus room and full bath, offering potential for a guest suite or home office.
- •Convenient location close to shopping, public transportation, and major highways.
- •Solid, well-maintained structure and garage with a beautiful yard.
Considerations
- •Strict short-term rental regulations in NYC make non-owner-occupied Airbnb illegal.
- •Lower estimated cap rate for a pure rental investment.
- •Walk Score of 0 and Transit Score of 20 indicates reliance on personal vehicle or extended transit times.
Due Diligence
- •Verify the actual zoning designation with the NYC Department of City Planning for the specific parcel.
- •Investigate any historical permits or violations via NYC DOB and HPD portals to ensure no undisclosed issues.
10-Year Wealth Outlook
10-Year Wealth Outlook · Pro+
Upgrade to Pro to see how this property builds (or erodes) wealth and why.
Verdict Locked
Analyst Verdict
Based on current list price and market conditions.
STRONG BUY
Use-Case Alignment
living
High Match
Short-Term
Low Match
Living+STR
High Match
rental
Medium Match
House Hack
High Match
flip
Medium Match
Disclaimer: This report is for informational purposes only and does not constitute financial or real estate advice. Zumintel is not liable for any inaccuracies or the condition of the property. Users should conduct their own due diligence.
Definitions & Methodology
Cap Rate (Capitalization Rate)Net Operating Income (NOI) divided by the property asset value. It indicates the potential rate of return on the real estate investment.
Investment ScoreA proprietary composite score (0-100):
- 80-100: Excellent (Strong Cashflow & Potential)
- 60-79: Good (Stable, Moderate Returns)
- 40-59: Fair (Value Add Required)
- <40: Risky (Negative Cashflow/High Risk)
Walk ScoreA measure of walkability based on the distance to nearby amenities. 90-100 is a "Walker's Paradise".
Transit ScoreEstimates how well a location is served by public transport. Calculated based on distance to nearest stops and frequency.
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