98-07 37th Avenue, Corona, NY 11368
sale
$3,780,000
|
Other
Courtesy Of Best Group Realty, Inc.
Full gut renovated, semi-detached all-brick 3-story property boasting a 20x60 building size on a 25x100 lot, plus a full basement with separate entrance.High-yield layout features 1 prime storefront, 5 spacious residential apartments (ALL 3-Bedroom units), and 3 detached garages. Features separate utilities with 5 gas meters and 6 electric meters. Every unit is equipped with its own in-unit washer and dryer, split-system A/C. Strong cash-flowing investment property generating $283,284 in gross annual income with low annual expenses of $37,460, delivering an impressive Net Operating Income (NOI) of $245,823 and a 6.5% CAP rate. 100% FREE MARKET. Unbeatable location just steps from the #7 subway train and multiple bus lines in a high-foot-traffic commercial corridor. Must see!
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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Building Units: 5
- Cooling System: Multi Units
- Exterior Type: Brick
- Floors: 1
- Heating System: Electric (Heating)
- MLSID: 1032756
- Rooms: Basement
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