A mixed use property presents an unmissable investment in the bustling heart of Corona, Flushing, NY.
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 |
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 Phone: +1718-707-0200 Fax: +1718-707-0233 | |
Courtesy of Daniel Gale Sothebys Intl Rlty |