$1,349,000
102-18 37th AVE Flushing, NY 11368
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$1,349,000
Est. payment /mo
8 Beds
5 Baths
2,178 Sqft Lot
UPDATED:
08/01/2024 03:51 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3541648
Style Other
Bedrooms 8
Full Baths 5
Originating Board onekey
Rental Info No
Year Built 1931
Annual Tax Amount $35,000
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 25.02x83.05
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.
Location
State NY
County Queens
Rooms
Basement None
Kitchen 4
Interior
Heating Natural Gas, Hot Water
Fireplace No
Exterior
Garage None
Parking Type None
Garage false
Building
Lot Description Near Public Transit
Sewer Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Middle Schools Corona Arts And Sciences Academy
High Schools Newtown High School
School District Queens 24
Others
Senior Community No
Special Listing Condition None
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Listed by Daniel Gale Sothebys Intl Rlty • 516-627-4440