9807 37th Ave, Corona, NY 11368
- $3,780,000
- List Price
- $3,780,000
- Status
- ACTIVE
- MLS#
- 1032789
Property Description
Full gut renovated, semi-detached all-brick 3-story property boasting a 20x60 building size on a 25x100 lot, plus a full basement with separate entrance.High-yield layout features 1 prime corner storefront, 5 spacious residential apartments (ALL 3-Bedroom units), and 3 detached garages. Features separate utilities with 5 gas meters and 6 electric meters. Every unit is equipped with its own in-unit washer and dryer, split-system A/C. Strong cash-flowing investment property generating $283,284 in gross annual income with low annual expenses of $37,460, delivering an impressive Net Operating Income (NOI) of $245,823 and a 6.5% CAP rate. 100% FREE MARKET with zero rent stabilization. Unbeatable location just steps from the #7 subway train and multiple bus lines in a high-foot-traffic commercial corridor. Must see!
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Additional Information
- Basement
- Full, Storage Space
- Garage Spaces
- 3
- Year Built
- 1930
- School District
- Queens24
- Taxes
- $17,310
- Heating
- Electric, Other
- Parking
- Detached, Garage
- Parking Spaces
- 3
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Xun Lin (cathylinny@yahoo.com) from Listing Office: New Group Realty Inc.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.