Located at the Heart of Corona, this Impressive Four story Brick Walk up Represents a Premier Investment Opportunity with a Robust 6.
| Website: | https://www.nestseekers.com/5419474 |
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| Address: | New York, NY 11368 |
| Ownership: | For Sale |
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| Type: | Multi-Family |
| Bedrooms: | Studio |
Financials
Description
Located at the Heart of Corona, this Impressive Four-story Brick Walk-up Represents a Premier Investment Opportunity with a Robust 6.25% Cap Rate. The Property is Fully Occupied, offering a Stable and Consistent Cash Flow underpinned by Severn Rent-Stabilized Residential Units and Two Established Community Facility Units, currently utilized as a Religious Center and a Professional Herbal Treatment Center. The building is Designed for Operational Efficiency, featuring Individual Gas and Electric Meter and Sprinklers throughout. Situated just a Short Walk from Roosevelt Avenue, the Property Offers Immediate Access to a Bustling Corridor of Commerce and Dining. The Easy Subway Access nearby Provides a Direct and Efficient Commute to Manhattan and Flushing, ensuring High Long-term Occupancy and Exceptional Value for any Savvy Investor.
Amenities
- Electricity Available
- Natural Gas Available
- Trash Collection Public
- Water Connected
47-44 Vernon Blvd, Long Island City, NY 11101 Phone: +1 718-707-0200 Fax: +1 718-707-0233 | |
| Listing Courtesy of Lin Pan Realty Group LLC | |