Listed by Daniel Gale Sothebys Intl Rlty
$2,288,000
101-12 43rd Avenue
Details
APN 01619-0014
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 5
NOI $88,244
Year Built 2018
Buildings 1
Acreage 0.036
Zoning R6B
Parking Spaces spaces
Multifamily | 5 Units
Marketing description
Built in 2018, this mixed-use property consists of 4 residential apartments plus 1 commercial storefront - offering investors a stable, income-producing asset in the heart of Corona, Queens. All units are currently occupied, allowing the new owner to take over and immediately begin collecting rental income. The building’s modern construction features separate boilers, heating systems, electric meters, and gas meters for each unit, keeping operating costs efficient, with the owner responsible for water. The property also includes THREE deeded PARKING spaces. These features make the property a low-maintenance, turnkey investment ideal for all investors. Ideally located just a short walk to the 7 Train along Roosevelt Avenue, the property provides convenient transportation to Manhattan and surrounding neighborhoods. Multiple nearby bus lines further enhance accessibility for residents and commercial patrons. Situated only two blocks from Park of the Americas, 6-minute drive to Flushing Meadow Corona Park, and 8-minute drive to Citi Field, the building benefits from a vibrant community with strong residential demand and steady foot traffic supporting the commercial space. The adjacent corner building at 43-06 102nd street is also available for sale, offering a rare opportunity to purchase both properties as a package deal. An excellent opportunity to acquire a fully occupied, income-generating mixed-use property in one of Queens’ most active rental markets, offering immediate cash flow and long-term appreciation potential. Rent roll and expenses, available upon request.
Listing Contacts
Listed by Daniel Gale Sothebys Intl Rlty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,244.32
$7,353.69/mo
Valuation Metrics
0
DSCR
3.86%
Cap Rate
3.86%
ROI
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