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Property Description

A mixed-use property presents an unmissable investment in the bustling heart of Corona, Flushing, NY. This robust brick building, blending commercial utility with residential charm, stands as a testament to strategic property. It features 1 retail unit currently occupied by a florist and 4 occupied residential units that are rent stabilized, each offering spacious 2-bedroom apartments. This mix ensures a steady flow of income from diverse sources. Proximity to the No. 7 Train Station makes this property a convenient living space for commuters and an attractive spot for retail business, driving foot traffic and tenant demand. With a cap rate higher than 5.3 and low tax obligations, the financials of this property are as appealing as its physical attributes. This property is not just a place but a potential powerhouse of profitability.

Features
Heating System:
Natural Gas, Hot Water
Basement:
No
Appliances:
Oven, Refrigerator
Community Features:
Near Public Transportation
Fireplaces Total:
0
Garage Spaces:
1
Interior Features:
Eat-in Kitchen, Living Room / Dining Room, Marble Countertops
Lot Features:
Near Public Transit, Near Shops
Parking Features:
No
Sewer:
Public Sewer
Address Map
City:
NY
State:
NY
County:
Queens
Directions:
GPS
Property and Construction
Architectural Style:
Other
Construction Materials:
Frame, Stone, Vinyl Siding
Development Status:
Brick
High School:
Newtown High School
Inclusions:
Refrigerator
Agent MlsId:
169999
Office MlsId:
GALE11
MiddleOrJunior School:
Corona Arts And Sciences Academy
New Construction:
1
Number Of Units:
4
Property Condition:
Mint
Senior Community:
1
Tax Annual Amount:
$35,000
Water Source:
Public
PhotosCount:
12

Residential Income For Sale

102-18 37th Avenue, New York, NY

8 Bedrooms
5 Bathrooms
0.05 Acre
$1,349,000
Listing ID #L3541648
Basic Details
Property Type :
Residential Income
Property SubType :
Quadruplex
Listing ID :
L3541648
Price :
$1,349,000
Rooms :
14
Bedrooms :
8
Bathrooms :
5
Bathrooms Total :
5
Lot Area :
0.05 Acre
Year Built :
1931
Status :
Active
Status :
Active
Listing Office :
Daniel Gale Sothebys Intl Rlty
Listing Agent :
Rosalyn Meyer
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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