A mixed use property presents an unmissable investment in the bustling heart of Corona, Flushing, NY.


Property

Website:https://www.nestseekers.com/3504753
Address:
102-18 37th Avenue
Flushing, NY 11368
Cross street:102nd St
Ownership: For Sale
Rooms: 14
Bedrooms: 8 BR
Bathrooms: 5
Pets: Pets No
Lot Size: 2078 sq ft

Financials

Price: $1,399,000
Annual Taxes: $35,000

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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.

Amenities

  • Near Public Transit
  • Near Public Transportation

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Courtesy of Daniel Gale Sothebys Intl Rlty