property
Flushing Ranks as Suburb with Highest Rental Yield for Investors
Second-quarter figures place Flushing ahead of other Queens neighborhoods on gross rental returns.
How we reported this
Flushing delivered a 6.9 percent gross rental yield in the second quarter of 2026, the highest among Queens suburbs tracked by local listing platforms.
Global market swings tied to recent U.S.-Iran tensions and NATO spending pledges have pushed investors toward steady residential cash flow in established outer-borough pockets. Flushing’s mix of transit access and steady tenant demand from hospital and airport workers has kept vacancy rates below 3 percent since March.
Street-level performance
Properties along 39th Avenue near the Flushing-Main Street station posted the strongest numbers, with two-bedroom units renting for an average of $2,650 a month against median purchase prices of $612,000. Further east on Roosevelt Avenue, buildings within two blocks of the Queens Public Library Flushing branch showed similar yields after modest cosmetic upgrades completed last fall. The Flushing Chamber of Commerce reported 14 investor purchases in those corridors between April and June, up from nine in the same period last year.
StreetEasy data released July 2 showed Flushing’s median sale price at $598,000 for the quarter, down 2 percent from the prior three months while rents held flat. That combination produced the 6.9 percent yield, ahead of Forest Hills at 5.4 percent and Bayside at 5.1 percent. Average days on market for rental listings in Flushing fell to 11, the shortest stretch recorded since 2022.
Next steps for buyers
Local brokers advise checking listings on 37th Avenue and Union Street first, where several small multifamily buildings are expected to hit the market before Labor Day. Investors should run numbers with current property-tax assessments from the city Department of Finance and confirm rent rolls against comparable leases filed with the New York State Division of Housing and Community Renewal. Early inquiries at the Flushing branch of Citibank’s commercial lending desk have already increased, according to one loan officer who handles investor files.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.