Excellent investment opportunity in the heart of Corona, Queens !
| Website: | https://www.nestseekers.com/5309855 |
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| Address: | New York, NY 11368 |
| Ownership: | For Sale |
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| Type: | Unknown |
| Bedrooms: | 11 BR |
| Bathrooms: | 7 |
Financials
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
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47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
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| Listing Courtesy of Chase Global Realty Corp | |