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102-18 37th Avenue Flushing, NY 11368
$1,349,000
  • 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

Additional Features

  • Construction Materials: Brick
  • Parking Facilities: None

Rooms & Floor Plans

  • Bedroom: 8
  • Full Bath: 5
  • Other: 1

Interior & Utilities

  • Heat: Hot Water, Natural Gas
  • Water: Public

Financial

  • Taxes: $35,000
Listing Information provided courtesy of Daniel Gale Sothebys Intl Rlty  516-627-4440
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