Price Reduced 10.01%


Price History

$1,499,000
4/4/2024

$1,399,000
4/29/2024

$1,349,000
8/1/2024


102-18 37th Avenue, Queens, (Flushing), NY, 11368

102-18 37th Avenue, Queens, (Flushing), NY, 11368

14 rooms

8 beds

5 Full baths

1931

Other

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.


Status:

Active

Town:

Queens

Type:

Multi-family

Units:

4

Heating:

Natural Gas, Hot Water

Basement:

None

Acreage:

0.05

Est. Taxes:

$35,000

Construction

Brick

Lot Description:

Near Public Transit

Middle School:

Corona Arts And Sciences Academy

High School:

Newtown High School

School District:

Community District 24

MLS #:

3541648


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Daniel Gale Sothebys Intl Rlty 516-627-4440