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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/Town | New York |
Area/County | Queens |
Post Office/Postal City | Flushing |
Prop. Type | Single Family House for Sale |
Style | Other |
Tax | $35,000.00 |
Bedrooms | 8 |
Total Rooms | 14 |
Total Baths | 5 |
Full Baths | 5 |
Year Built | 1931 |
Basement | None |
Construction | Brick |
Total Units | 4 |
Lot Size | 25.02x83.0 |
Lot SqFt | 2,078 |
Heat Source | Hot Water, Natural G |
Days On Market | 244 |
Lot Features | Near Public Transit, Near Shops |
Parking Features | None |
Tax Lot | 12 |
Units | 4 |
School District | Queens24 |
Middle School | Corona Arts And Sciences Acade |
High School | Newtown High School |
Listing information courtesy of: Daniel Gale Sothebys Intl Rlty |