UPDATED:
Key Details
Property Type Multi Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 978360
Bedrooms 7
Full Baths 6
Rental Info No
Year Built 1970
Annual Tax Amount $11,139
Lot Size 2,500 Sqft
Acres 0.0574
Property Sub-Type Triplex
Source onekey2
Property Description
Incredible opportunity for both investors and end-users alike to purchase this fully vacant multifamily property in Corona Queens located directly across the street from Flushing Meadows Corona Park. This massive property spans over 3,000 square feet of livable space with 3 full stories PLUS a basement and garage on a 25 x 100 lot with R6B Zoning. The first floor is fully above ground and features a bonus space that can be utilized totally dependent on the owners imagination with a recreational space, full bathroom and direct access to the backyard. The second floor is a spacious 3 bedroom, 2.5 bathroom nd features a private balcony off the living room and rear yard access off the bedroom. The third floor features another 3 bedrooms, 2.5 bathrooms and balcony as well.
The property presents fantastic income potential with similar 3 bedroom units currently renting out for $3,500 monthly. The potential rent roll post closing could be over $114,000 gross when taking into account the full house, yard and parking. An end user looking to live in the property could expect a potential of $4,000 in monthly rental income to offset their mortgage.
Conveniently located across from the park / opposite the Flushing Meadow main entrance and walkway path, leading directly to Author Ashe Stadium and Citifield. Just a short walk to 111th st Subway stop for the 7 Train, this is one of the best locations that Corona has to offer. Shopping, dining, grocery stores, and everything you could possibly need located a few blocks away at Roosevelt Avenue.
Reach out today - this one won't last!
Location
State NY
County Queens
Rooms
Basement Partially Finished
Interior
Interior Features Primary Bathroom
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 1.0
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Garage true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Senior Community No
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716