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40-71 Junction Boulevard Corona, NY 11368
$1,500,000
  • For Sale
  • NEW
  • 7 Bedrooms
  • 4 Full Baths
  • 3200 SqFt
  • Year Built 1931
  • Multi Family
  • ML# 3589301

Property Details

Overview

EXP Realty has retained the exclusive to present 40-71 Junction Boulevard, Corona Queens for Sale. Building size is a large 20 X 80, 3200 sqft and Lot is 20 X 100, 2000 sqft, Zoning R6B. This legal 4 family attached red-colored brick property is westward-facing that sits on an extremely active high pedestrian and vehicle area on Junction Boulevard. The property stands 2 stories consisting of 4 apartments of which all are occupied. 1F is about 450 sqft, 1 bedroom 1 bath and 1R, 2F, 2R are about 800 sqft, 2 bedroom and 1 bathroom. Total annual rent is $89K. Annual taxes are $13K, and with its heat, insurance, water and sewage, total expenses are $27K. For further income, renting the basement as storage to the countless businesses in the area or basement can be converted into a commercial store. Property has been well maintained without any need for major repairs. Boiler is 10 years and water tank is 3 years. There are No HPD or DOB violations which demonstrate non-problematic tenants. The 7 train is a 5 minute walk to Junction Boulevard Station. This property is an incredibly rare investment on a bustling and appreciating area of Corona Queens. We have pictures and virtual tours of all apartments with complete financials are available upon request.

Key Facts

  • SqFt: 3200.00
  • Style: Two Story
  • Lot Size: 0.05
  • Lot Sq Ft: 2000
  • Taxes: $13,869
  • School District#: 11
  • Zoning: R6B
  • Block: 1605
  • Lot: 40

Additional Features

  • Construction Materials: Brick
  • Building Size: 20 X 80
  • Garage: 0.0
  • Parking Facilities: None

Rooms & Floor Plans

  • Bedroom: 7
  • Full Bath: 4
  • Other: 4

Interior & Utilities

  • Heat: Natural Gas, Steam
  • A/C: None
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $13,869
Listing Information provided courtesy of EXP Realty  888-276-0630
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