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31549003
31549005

110-50 Corona Ave, Corona, NY 11368

VW
NY, NY 40WE0641759
RE/MAX Team
Listed by RE/MAX Team
$3,200,000
61 days on market
Updated 61 days ago

Prime Corona Location 14 Unit Apartment Building

Details
APN 01968-0021
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,750
Net Rentable (SqFt) 9,750
Units 14
Cap Rate 4.11%
NOI $131,558
Occupancy 100%
Price per SqFt $328
Broker Co-Op Yes
Year Built 1990
Year Renovated 2010
Buildings 2
Stories 4
Lot Size (SqFt) 4,643
Zoning R6B
Parking Spaces 4 spaces
Parking Per SqFt 0.41
Investment Type Stabilized
Ownership LLC

Prime Corona 14 Unit Building near Flushing Park

Marketing description

A prime Corona location 1990 construction 14 Unit Building at 110-50 & 110-52 Corona Ave, Corona, NY, 11368.....

14 boilers, 14 gas meters, 15 electric meters.

Unique construction: 8 Apartments are duplex apartments featuring Six 2 Bedroom apartments....Six 1 Bedroom apartments... and 2 Studios....

There are 4 front Parking spots in front of the building......

Strong construction with wooden tiles on top of concrete floors in the apartments.

Hallways have cement/concrete floors with steel railings.......

Gross Income: $227,976.

Net Income: $131,558......

Great Location only 2 blocks to Long Island Expressway service road......

4 Blocks to Forest Hills......

Only 1.5 Blocks to Terrace on the Park and Flushing Meadows Park.

Download Attached Marketing Brochure.

Here is the Property Video: https://youtu.be/Eu9SAomdRWk

For Appointment and financials contact exclusive broker:

*Victor Weinberger of Re/Max Team

*917-806-7040 (cell) 917-591-8000 (eFax)

*718-429-4400 (office)

*E-mail: [email protected]

*Web: http://www.VictorWeinberger.com

Investment highlights

8 Duplex Apartments

Near Flushing Meadows Park

4 Car exterior Parking

Near Long Island Expressway

Near Grand Central Parkway

Listing Contacts

VW
NY, NY 40WE0641759
RE/MAX Team
Listed by RE/MAX Team

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,558.00
$10,963.17/mo

Valuation Metrics

0
DSCR
4.11%
Cap Rate
4.11%
ROI

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