Listed by Real Broker NY LLC
$5,500,000
97-17 37 Avenue, Corona (Queens)
Details
APN 4017380029
Property Type Mixed Use, Land
Sub Type Commercial, Residential
Square Footage 4,999
Units 7
Cap Rate 7.30%
NOI $400,000
Occupancy 100%
Tenancy Multi
Year Built 1930
Lot Size (SqFt) 0.12
Ground Lease No
$500K Rental income! Corner lot on busy street
Marketing description
Prime mixed-use investment opportunity in Corona, Queens! Bringing in a strong $500,000+ per year income, this corner-lot building features 7 total units, including 3 retail spaces and 3 residential apartments and a community space; generating strong, consistent income with a 7.3% cap rate. Conveniently located near public transportation, this property offers both excellent visibility for retail tenants and long-term residential rental stability. A must-see for investors seeking a turnkey income-producing asset in a high-demand area.
Investment highlights
$500,000+ Income currently
7.3% Cap Rate
7 total units
Near public trans
Listing Contacts
Listed by Real Broker NY LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$400,000.00
$33,333.33/mo
Valuation Metrics
0
DSCR
7.27%
Cap Rate
7.27%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
