Listed by Realty Executives Astoria
$6,750,000
101-12 46th Avenue
Details
APN 01631-0041
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 32,028
Units 35
Cap Rate 6.71%
NOI $452,599
Year Built 1929
Buildings 1
Stories 4
Lot Size (SqFt) 10,575
Zoning R5
Multifamily | 6.71% CAP | 35 Units
Marketing description
Prime Investment Opportunity in Corona, Queens – 35-Unit Multifamily Building!!
Investor’s dream! This well-maintained 35-unit multifamily building offers strong income potential in one of Queens’ most sought-after neighborhoods. With a mix of free market and rent-stabilized units, this property provides both immediate cash flow and long-term value.
Property Highlights: 20 One-Bedroom Units, 10 Two-Bedroom Units, 5 Studio Units. 14 Free Market Units & 21 Rent-Stabilized Units
Situated in the heart of Corona, just 4 blocks from the 7 train at 103rd Street Station. Easy access to multiple bus lines: Q58, Q23, and Q74.
Close proximity to major roadways: Grand Central Parkway & Long Island Expressway. Surrounded by vibrant local dining, cultural attractions, shopping, and essential amenities
Consistent rental income with opportunity for future growth. Desirable unit mix for diversified tenant base. Strong demand rental market with excellent occupancy history. Don’t miss this rare opportunity to acquire a high-performing asset in a prime Queens location. Schedule your viewing today!
Listing Contacts
Listed by Realty Executives Astoria
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$452,599.00
$37,716.58/mo
Valuation Metrics
0
DSCR
6.71%
Cap Rate
6.71%
ROI
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