$1,349,000
102-18 37th AVE Flushing, NY 11368
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$1,349,000
Est. payment /mo
8 Beds
5 Baths
UPDATED:
11/22/2024 07:30 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYL3541648
Style Other
Bedrooms 8
Full Baths 5
Originating Board onekey2
Rental Info No
Year Built 1931
Annual Tax Amount $35,000
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
Interior
Heating Hot Water, Natural Gas
Fireplace No
Appliance Gas Water Heater
Exterior
Garage None
Private Pool No
Building
Lot Description Near Public Transit, Near Shops
Water Public
Structure Type Brick
New Construction No
Schools
Middle Schools Corona Arts And Sciences Academy
High Schools Newtown High School
School District Queens24
Others
Senior Community No
Special Listing Condition None
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Listed by Daniel Gale Sothebys Intl Rlty
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