Corona, NY 11368,104-14 37th AVE

$1,194,000

$1,478,000

19.2%
Est.Price: ?

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Est. payment /mo

4,539 SqFt


SOLD DATE : 05/02/2024

Key Details

Sold Price $1,194,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 4,539 sqft

Price per Sqft $263

MLS Listing ID KEYL3510432

Sold Date 05/02/24

Originating Board onekey2

Rental Info No

Year Built 1931

Annual Tax Amount $13,300

Property Description

This prime Corona mixed-use property offers an excellent investment opportunity with a cap rate of 5.5%. The building features a three-family layout with a commercial store (Deli) on the ground floor and a one-bedroom apartment. The second and third floors each house a spacious four-bedroom apartment, both with rear terraces. Situated near a variety of businesses, stores, Houses of Worship, and convenient transportation options including the 7 subway line and Q23 + Q48 bus lines. With a total income of $115,200 per year, this presents a lucrative and strategic opportunity for any buyer and investor. Bsmt - Full/Unfinished - Half Bathroom 1st floor - Grocery Store - 1 Bedroom Apt - $4,500 lease for both units for 2 more years with option to 5 more 2nd floor - 4 Bedroom - Living Room - Kitchen - Full Bathroom and Rear Terrace - $2,500 lease up to 1/24 3rd floor - 4 Bedroom - Living Room - Kitchen - Full Bathroom and Rear Terrace - $2,600 No Lease, Additional information: Rental Income:Y, Building Size:25' X 55'

Location

State NY

County Queens

Interior

Heating Natural Gas

Fireplace No

Exterior

Private Pool No

Building

Sewer Public Sewer

Others

Special Listing Condition None

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Listed by NY Superior Realty
Bought with NY Superior Realty
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