New Group Realty Inc
New Group Realty Inc
Listed by New Group Realty Inc
$3,740,000
98-15 34th Ave
Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 11,280
Units 32
NOI $390,276
Year Built 1927
Buildings 2
Multifamily | 32 Units
Marketing description
**Sale As a package deal with 33-54 99 Street. Total $7,800,000**
Nestled in the heart of vibrant Corona. Well maintained. Twin buildings with a total 32 units( Each building has 16 units), solid brick.
30 units are rent stabilized, 2 units are rent controlled, and 21 units of 1 bedroom, 11 units of 2 bedroom. The property are located close to main roads, with easy access to local amenities such as School, shopping, bank and various eateries. Near 7 train Subway station on Roosevelt Ave & Junction Blvd, Bus station on Northern Blvd.
Lot Size 80x100 (building size 40x90 each). Those buildings have tremendous upside for rental income and long-term appreciation. Don't miss this opportunity to own a high potential asset in one of Queens.
Listing Contacts
New Group Realty Inc
New Group Realty Inc
Listed by New Group Realty Inc
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$390,276.00
$32,523.00/mo
Valuation Metrics
0
DSCR
10.44%
Cap Rate
10.44%
ROI
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