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102-18 37th Avenue

Flushing, NY 11368
  • $1,399,000
  • STATUS: Active
  • ON SITE: 104 Days
  • MLS #: 3541648
$1,399,000
  • 8
    BEDS
  • 0.05
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1931
County:
Area:

School Information

High School:
School District:

Description

A mixed-use property presents an unmissable investment in the bustling heart of Corona, Flushing, NY. This robust brick building, blending commercial utility with residential charm, stands as a testament to strategic property. It features 1 retail unit currently occupied by a florist and 4 occupied residential units that are rent stabilized, each offering spacious 2-bedroom apartments. This mix ensures a steady flow of income from diverse sources. Proximity to the No. 7 Train Station makes this property a convenient living space for commuters and an attractive spot for retail business, driving foot traffic and tenant demand. With a cap rate higher than 5.3 and low tax obligations, the financials of this property are as appealing as its physical attributes. This property is not just a place but a potential powerhouse of profitability.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ellis Sotheby's International Real Estate. Data last updated: 2024-07-16T00:19:38.923.
www.hudsonvalleyrealestate.info/homes/149107854
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102-18 37th Avenue Flushing, NY 11368

  • Price: $1,399,000
  • Status: Active
  • On Site: 104 Days
  • MLS #: 3541648
8
Beds
5
Baths
0
½ Baths
0.05
Acres
1931
Built
Neighborhood:
Queens
County:
Queens
Area:
Queens
Middle School:
Corona Arts And Sciences Academy
High School:
Newtown High School
School District:
Queens 24
Property Description
A mixed-use property presents an unmissable investment in the bustling heart of Corona, Flushing, NY. This robust brick building, blending commercial utility with residential charm, stands as a testament to strategic property. It features 1 retail unit currently occupied by a florist and 4 occupied residential units that are rent stabilized, each offering spacious 2-bedroom apartments. This mix ensures a steady flow of income from diverse sources. Proximity to the No. 7 Train Station makes this property a convenient living space for commuters and an attractive spot for retail business, driving foot traffic and tenant demand. With a cap rate higher than 5.3 and low tax obligations, the financials of this property are as appealing as its physical attributes. This property is not just a place but a potential powerhouse of profitability.
Exterior Features

Architectural Style Other Attached Garage YN No Construction Materials Brick Cross Street 102nd St Lot Features Near Public Transit Parking Features None Property Attached YN No

Interior Features

Basement Details None Common Walls No Common Walls Cooling YN Yes Fireplaces Total 0 Heating Natural GasHot Water Hot Water Gas Stand Alone Number Of Kitchens 4 Rooms Total 14

Property Features

Community Features Near Public Transportation Lease Considered YN No MLSArea Minor 12 New Construction YN No Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Property Sub Type Multi Family Senior Community YN No Sewer Sewer Tax Annual Amount 35000 Tax Annual Amount1 35000 Water Source Public

Listing courtesy of Rosalyn Meyer of Daniel Gale Sothebys Intl Rlty: 516-627-4440
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ellis Sotheby's International Real Estate. Data last updated: 2024-07-16T00:19:38.923.
 
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Ellis Sotheby's International Real Estate
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Nyack NY, 10960