Prime mixed use investment opportunity located on the busy 37th Avenue commercial corridor in Corona.


Property

Website:https://www.nestseekers.com/5602034
Address:
New York, NY 11368
Ownership: For Sale
Type: mixed-use
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,699,000
Annual Taxes:$7,838

Description

Prime mixed-use investment opportunity located on the busy 37th Avenue commercial corridor in Corona. This approximately 2,608 SF property, with a building dimension of approximately 19.5' × 68', consists of a ground-floor retail space currently occupied by a barber shop and two 2-bedroom residential apartments above. Situated on a 19.5' × 101' lot with R6B zoning and a C1-4 commercial overlay, the property offers stable in-place income, low annual real estate taxes, and excellent long-term investment potential. All tenants are currently on month-to-month tenancies. The second-floor residential apartments have been renovated in recent years. All residential units are separately metered, with tenants responsible for their own utilities, contributing to an efficient, low owner-expense operating structure. Conveniently located near the 7 subway line, major bus routes, shopping, restaurants, schools, and everyday conveniences, the property benefits from strong pedestrian traffic and consistent residential and commercial demand. The mixed-use zoning further enhances the property's long-term value and future upside potential, subject to buyer verification. All information is deemed reliable but not guaranteed. Prospective buyers are encouraged to independently verify all information, including building size, income, expenses, zoning, permitted use, and future development potential.

Amenities

  • Bathrooms
  • Cooktop
  • Electricity Connected
  • Electric Water Heater
  • Natural Gas Connected
  • Refrigerator
  • Storage
  • Trash Collection Public
  • Water Connected

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of B Square Realty