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.
3541648
Multi-Family, Other
8
Queens
5 Full
1931
0.05
Acres
Public
Brick
14
School Information
Corona Arts And Sciences Academy
Newtown High School
Bathrooms
5
Total:5
Interior Features
- Appliances
- Gas Water Heater
- Heating
- Gas Heat. Hot Water.
- Common Walls
- No Common Walls
- Basement
- None
Exterior / Lot Features
- Parking
- No Garage, None.
- Exterior
- Brick
- Lot Dimensions
- 25.02x83.05
- Additional Exterior/Lot Features
- Near Public Transit.
Financial Considerations
01768-0012
$35,000
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