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102-18 37th Avenue, Flushing, NY, 11368 $1,349,000

Commercial For Sale 8 Beds , 5 Full Bath  

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Details ML#: 3541648  

  • Style: Other
  • # of Families: 4
  • Year Built: 1931
  • Taxes: $35,000
  • Status:Active

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.

More Property Details

Room Information

Bedroom: 8   Full Bath: 5   Other: 1  

Property Features

Lot Sq Ft: 2078   Parking Facilities: None  

Appliances & Utilities

Heat: Hot Water, Natural Gas   Water: Public  

Financial

Taxes: $35,000  

Local Area Information

School District: Corona Arts And Sciences Academy   Block: 1768   Lot: 12  

Listing Information provided courtesy of Daniel Gale Sothebys Intl Rlty  516-627-4440
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