Rare opportunity to own an income-producing five-family in the heart of Corona. This detached three-story brick building (approx. 3,750 SF on a 2,500 SF lot, built 1931, R5 zoning, Class C2) offers light and air on all four sides, a private paved side driveway with off-street parking, and balconies serving the upper units.The building is fully occupied with five identical two-bedroom, one-bath apartments - one on the first floor and two each on the second and third - producing $9,211/month ($110,532/year) in gross rent . Six separate electric meters keep tenants responsible for their own electric; landlord covers water and gas. Insurance approx. $4,500, water $5,000, gas $6,000, repairs/maintenance $6,000; 2027 real estate taxes $42,050 per NYC DOF. Sold with great quality tenants in place consistently paying on time.The location speaks for itself: a short walk to the 7 train at 103 St-Corona Plaza, the Roosevelt Avenue and National Street retail corridors, and Flushing Meadows-Corona Park, with quick access to the Grand Central Parkway, LIE and LaGuardia!
Listing By
Agency Name: Compass Greater NY LLC
Agency Contact: 646-528-0525
Shown By
Agent Name: Jane Burgdoerfer
Agent Phone: Cell: (516) 361-4346
Agency Title: Howard Hanna | Coach Realtors
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101-30 45th Avenue | MLS# 1039373
This commercial property located at 101-30 45th Avenue, Corona, NY 11368 is currently listed for sale with an asking price of $849,999. 101-30 45th Avenue is located within the Queens24 school district. Search Corona real estate on janeb.coachrealtors.com today.