A well maintained mixed use building located in a highly desirable and convenient area Corona.


Property

Website:https://www.nestseekers.com/5444047
Address:
New York, NY 11368
Ownership: For Sale
Type: mixed-use
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$2,950,000
Annual Taxes:$8,566.90

Description

A well-maintained mixed-use building located in a highly desirable and convenient area Corona. The property features a commercial space on the ground floor and four residential units above ,good apportunity for investor . Situated in a prime location with easy access to public transportation,7 Train, LIRR, easily get to manhattan. shopping, dining, and major roadways. The building benefits from strong visibility and consistent foot traffic, making it ideal for a variety of commercial uses. Property Overview: Ground floor: Established restaurant tenant Upper floors: 4 residential units Diversified income stream (commercial + residential) One vacant apartment, two 2 bedroom apartment, two 3 bedroom apartment. The gross income around $240K, expenses around $40K, net income around $200K. Cap Rate: 6.7% great income building , don't miss it .

Amenities

  • Cable - Available
  • Cable Connected
  • Electricity Available
  • Electricity Connected
  • Natural Gas Available
  • Natural Gas Connected
  • Sewer Available
  • Sewer Connected
  • Water Available
  • Water Connected

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of S10 Realty Group LLC