For Sale

Listing Provided by Daniel Gale Sotheby's International Realty

102-18 37th Avenue,
Flushing, NY 11368

$1,499,000

8

Beds

5

Baths

0.05

Acres

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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.

Features of 102-18 37th Avenue

MLS# 3541648
Price $1,499,000
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 14
Short Sale No
RE / Bank Owned No

Offer is made only to participants of the MLS where the listing is filed.

Listing Map

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