$1,194,000
$1,478,000
19.2%For more information regarding the value of a property, please contact us for a free consultation.
4,539 SqFt
SOLD DATE : 05/02/2024
Key Details
Sold Price $1,194,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,539 sqft
Price per Sqft $263
MLS Listing ID KEYL3510432
Sold Date 05/02/24
Originating Board onekey2
Rental Info No
Year Built 1931
Annual Tax Amount $13,300
Property Description
This prime Corona mixed-use property offers an excellent investment opportunity with a cap rate of 5.5%. The building features a three-family layout with a commercial store (Deli) on the ground floor and a one-bedroom apartment. The second and third floors each house a spacious four-bedroom apartment, both with rear terraces. Situated near a variety of businesses, stores, Houses of Worship, and convenient transportation options including the 7 subway line and Q23 + Q48 bus lines. With a total income of $115,200 per year, this presents a lucrative and strategic opportunity for any buyer and investor. Bsmt - Full/Unfinished - Half Bathroom 1st floor - Grocery Store - 1 Bedroom Apt - $4,500 lease for both units for 2 more years with option to 5 more 2nd floor - 4 Bedroom - Living Room - Kitchen - Full Bathroom and Rear Terrace - $2,500 lease up to 1/24 3rd floor - 4 Bedroom - Living Room - Kitchen - Full Bathroom and Rear Terrace - $2,600 No Lease, Additional information: Rental Income:Y, Building Size:25' X 55'
Location
State NY
County Queens
Interior
Heating Natural Gas
Fireplace No
Exterior
Private Pool No
Building
Sewer Public Sewer
Others
Special Listing Condition None
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Bought with NY Superior Realty