$2,470,000 $2,500,000
Updated 19 hours ago
North Corona, Queens | 38th Ave & 39th Ave
5,184 Square FeetMixed Use

$2,470,000 $2,500,000
floors / apts4 / 7
Building TypeLow-Rise
RE Taxes$4,891
Price Per SF
$476

Outdoor space and views

  • Backyard
  • Terrace

Building Amenities

  • Video Intercom
  • Garden
  • Roof Deck
  • Sprinkler System

Property Description

Prime investment opportunity in the heart of Corona Queens. Fully occupied 4-story mixed use solid brick building, constructed in 2005. The building is comprised of seven one bedroom apartments, with two units per floor, and two community facilities, located on the ground floor and the fully finished basement, with an accessible roof deck and backyard garden. There is a sprinkler system installed in the building.

Each unit comes individually metered with separate and a total of nine individual hot water tanks and boilers. Each apartment measures approx. 550SF. The four units on the 3rd and 4th floors each come with a private outdoor terrace.

All units can be delivered occupied with long term tenants paying on time. There is potential for rent increase. There is a Tax Abatement in place until 2030! Cap Rate approximately 5%+.

Conveniently located close to all major shops, restaurants, and transportation. Just a few short blocks from either the Junction Blvd or 103 St-Corona Plaza stops on the 7-train line, and less than a block off of Roosevelt Avenue.

Listing History

Now
05/10/2022
$2,470,000 [-$30,000] [1.2%]
Price Drop by Scott Wang
Douglas Elliman
03/25/2022
$2,500,000
Initial Price by Scott Wang
Douglas Elliman

Building Details

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVideo Intercom
AgePost-War
AccessWalk-up
Year Built2005
Floors/Apts4/7
Learn More About the Building
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 84180TH