Jerry Mason
Price Reduced 6.67%
Price History
$1,499,000
4/4/2024
$1,399,000
4/29/2024
102-18 37th Avenue, 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
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
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Listing courtesy of Daniel Gale Sothebys Intl Rlty 516-627-4440