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


Property

Website:https://www.nestseekers.com/5419474
Address:
New York, NY 11368
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

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Lin Pan Realty Group LLC