102-18 37th Avenue
Flushing,
NY
11368
- For Sale
- 8 Bedrooms
- 5 Full Baths
- Year Built 1931
- Commercial
- ML# 3541648
Property Details
Overview
A mixed-use property presents an unmissable investment in the bustling heart of Corona, Flushing, NY. This robust brick building, blending commercial utility with residential charm, stands as a testament to strategic property. It features 1 retail unit currently occupied by a florist and 4 occupied residential units that are rent stabilized, each offering spacious 2-bedroom apartments. This mix ensures a steady flow of income from diverse sources. Proximity to the No. 7 Train Station makes this property a convenient living space for commuters and an attractive spot for retail business, driving foot traffic and tenant demand. With a cap rate higher than 5.3 and low tax obligations, the financials of this property are as appealing as its physical attributes. This property is not just a place but a potential powerhouse of profitability.
Key Facts
- •Style: Other
- •Lot Sq Ft: 2078
- •Taxes: $35,000
- •School District: Corona Arts And Sciences Academy
•Block: 1768
- •Lot: 12
- •Construction Materials: Brick
- •Parking Facilities: None
- •Bedroom: 8
- •Full Bath: 5
- •Other: 1
- •Heat: Hot Water, Natural Gas
- •Water: Public
Listing Information provided courtesy of
Daniel Gale Sothebys Intl Rlty
516-627-4440
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS