Excellent investment opportunity in the heart of Corona, Queens !


Property

Website: https://www.nestseekers.com/5309855
Address:
New York, NY 11368
Ownership: For Sale
Type: Unknown
Bedrooms: 11 BR
Bathrooms: 7

Financials

Price:$1,788,000
Annual Taxes:$1,800

Description

Excellent investment opportunity in the heart of Corona, Queens! This 2004-built, well-maintained 4-family property offers approximately 4,480 SF of total building area, with each floor approximately 1,120 SF, and strong, stable rental income. The property consists of 4 residential units: • 1 Two-Bedroom / 1 Bath unit • 3 Three-Bedroom / 2 Bath units Additionally, the basement is fully finished. Total rental income is $11,200/month, approximately $134,400/year. All tenants are long-term, stable, and well-qualified. Property comes with 5 years remaining on tax abatement, significantly reducing carrying costs. Current property tax is $150/month, or $1,800/year. Water expense is $1,350 every 3 months, and garbage expense is $200/month. Tenants pay their own electricity and gas; landlord is responsible for water, property tax, and garbage only, keeping operating expenses low. Conveniently located just 5 minutes’ walk to the 7 Train station, offering easy access to Flushing and Manhattan. Close to shopping, schools, and neighborhood amenities. This is a turnkey investment — sold with all tenants in place as a package deal, as-is. No vacancies. Ideal for investors seeking immediate cash flow and long-term appreciation. A rare high-income-producing 4-family opportunity in Corona — don’t miss it!

Amenities

  • Electricity Connected
  • First Floor Bedroom
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Chase Global Realty Corp