Nest Seekers

Located at the Heart of Corona, this Impressive Four story Brick Walk up Represents a Premier Investment Opportunity with a Robust 6.

New York, NY 11368

Listing

Web ID:5419474
Website:https://www.nestseekers.com/5419474

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio

Financials

Price:$2,390,000
Annual Taxes:$6,098

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
  • front of building
  • front_2
  • Sideview
  • Herbal treatment
  • Religious Center
  • Mechanic Room
  • Yard

Contact

Long Island City, NY
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
lic@nestseekers.com
Listing Courtesy of Lin Pan Realty Group LLC
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