104-30 39th Avenue
Multifamily | 6.00% CAP | 8 Units
Marketing description
104-30 39th Avenue is a rare opportunity to acquire a fully free-market, eight-unit multifamily asset in a prime, transit-oriented Queens location, now offered at $1,950,000. The property is being sold by its original developer, who has built more than ten buildings in Corona and whose track record of quality shows throughout this meticulously maintained asset.
Built in 2009, the 6,250-square-foot property features six two-bedrooms and two one-bedrooms, individually metered for utilities. The 421-A Tax Abatement has fully expired with proper documentation, and the 2009 Certificate of Occupancy places the building outside Good Cause Eviction for more than 30 additional years. The rent roll is clean: zero arrears, with unit 2R delivered vacant and newly renovated.
Investment highlights
- 100% Free Market - Expired 421A Tax Abatement
- Good Cause Eviction Exempt (2009 CoO)
- Below Market Rents
- Incredible Location - steps from Roosevelt Avenue and 7 Train
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