This exceptional package deal includes a mixed use property and an adjacent vacant lot, all in a prime Corona location.
Website: | https://www.nestseekers.com/3144764 |
---|---|
Address: | 104-10-14 37th Avenue Corona, NY 11368 |
Cross street: | 104th Street |
Ownership: | Unknown |
---|---|
Type: | Commercial |
Bedrooms: | Studio |
Lot Size: | 6088 sq ft |
Financials
Price: | $2,226,000 |
---|---|
Annual Taxes: | $22,287 |
Description
This exceptional package deal includes a mixed-use property and an adjacent vacant lot, all in a prime Corona location. The mixed-use property features a three-family building with a commercial store (Deli) on the ground floor and a one-bedroom apartment. The second and third floors each have a spacious four-bedroom apartment. Situated near a variety of businesses, stores, Houses of Worship, and convenient transportation options including the 7 subway line and Q23 + Q48 bus lines. With a total income of $115,200 per year, this presents a lucrative and strategic opportunity for any buyer. Plus the adjacent vacant lot holds the potential to unlock even greater income possibilities! Cap Rate: 5.25% Rental Income: Grocery Store + 1 Bedroom Apartment $4,500 (2 more years on lease with option to 5 more); 2nd flr - 4 Bedroom Apt $2,500 exp. 01/2024; 3nd flr - 4 Bedroom Apt $2,600, no lease
Contact
47-44 Vernon Blvd, Long Island City, NY 11101 Phone: +1718-707-0200 Fax: +1718-707-0233 | |
Courtesy of NY Superior Realty |