New Listing - 11/04/2024
40-71 Junction Boulevard, Queens, (Corona), NY, 11368
15 rooms
7 beds
4 Full baths
1931
Two Story
3,200 sqft
EXP Realty has retained the exclusive to present 40-71 Junction Boulevard, Corona Queens for Sale. Building size is large 20 X 80, 3200 sqft and Lot is 20 X 100, 2000 sqft, Zoning R6B. This legal 4 family attached red-colored brick property is westward-facing that sits on an extremely active high pedestrian and vehicle area on Junction Boulevard. The property stands 2 stories consisting of 4 apartments of which all are occupied. 1F is about 450 sqft, 1 bedroom 1 bath and 1R, 2F,2R are about 800 sqft, 2 bedroom and 1 bathroom. Total annual rent is $89K. Annual taxes are $13K, and with its heat, insurance, water and sewage, total expenses are $27K. For further income, renting the basement as storage to the countless businesses in the area or basement can be converted into a commercial store. Property has been well maintained without any need for major repairs. Boiler is 10 years and water tank is 3 years. There are No HPD or DOB violations which demonstrate non-problematic tenants. The 7 train is a 5 minute walk to Junction Boulevard Station. This property is an incredibly rare investment on a bustling and appreciating area of Corona Queens. We have pictures and virtual tours of all apartments with complete financials are available upon request.
Status:
Active
Town:
Queens
Type:
Multi-family
Units:
4
Zoning:
R6B
Heating:
Natural Gas, Steam
Cooling:
None
Basement:
Full
Acreage:
0.05
Est. Taxes:
$13,869
Construction
Brick
Middle School:
Civic Leadership Academy
High School:
Aviation Career And Tech High School
School District:
Community District 24
MLS #:
3589301
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of eXp Realty 888-276-0630