Listing Provided by Daniel Gale Sotheby's International Realty
102-18 37th Avenue,
Flushing, NY 11368
$1,349,000
8
Beds
5
Baths
0.05
Acres
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.
Features of 102-18 37th Avenue
| MLS# | 3541648 |
|---|---|
| Price | $1,349,000 |
| Total Taxes | $35,000 |
| Bedrooms | 8 |
| Bathrooms | 5 |
| Full Baths | 5 |
| Lot Square Footage | 2,078 |
| Acres | 0.05 |
| Year Built | 1931 |
| Type | Multi-Family |
| Sub-Type | Multi Family |
| Style | Other |
| Status | Active |
Community Information
| Address | 102-18 37th Avenue |
|---|---|
| City | Flushing |
| County | Queens |
| State | NY |
| Zip Code | 11368 |
Amenities
| Parking | None |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Hot Water |
|---|---|
| Fireplace | No |
| Has Basement | No |
| Basement | None |
Exterior
| Lot Description | Near Public Transit |
|---|---|
| Construction | Brick |
School Information
| District | Queens 24 |
|---|---|
| Middle | Corona Arts And Sciences Academy |
| High | Newtown High School |
Additional Information
Listing Provided Courtesy of: Daniel Gale Sotheby's International Realty; 516-627-4440
| Date Listed | April 2nd, 2024 |
|---|---|
| Days on Market | 169 |
| Short Sale | No |
| RE / Bank Owned | No |
Offer is made only to participants of the MLS where the listing is filed.
