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$849,999
Est. payment /mo
2,500 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1039373
Rental Info No
Year Built 1931
Annual Tax Amount $42,050
Lot Size 2,500 Sqft
Acres 0.0574
Property Sub-Type Multi Family
Source onekey2
Property Description
Rare opportunity to own an income-producing five-family in the heart of Corona. This detached three-story brick building (approx. 3,750 SF on a 2,500 SF lot, built 1931, R5 zoning, Class C2) offers light and air on all four sides, a private paved side driveway with off-street parking, and balconies serving the upper units.
The building is fully occupied with five identical two-bedroom, one-bath apartments – one on the first floor and two each on the second and third – producing $9,211/month ($110,532/year) in gross rent . Six separate electric meters keep tenants responsible for their own electric; landlord covers water and gas. Insurance approx. $4,500, water $5,000, gas $6,000, repairs/maintenance $6,000; 2027 real estate taxes $42,050 per NYC DOF. Sold with great quality tenants in place consistently paying on time.
The location speaks for itself: a short walk to the 7 train at 103 St–Corona Plaza, the Roosevelt Avenue and National Street retail corridors, and Flushing Meadows–Corona Park, with quick access to the Grand Central Parkway, LIE and LaGuardia!
The building is fully occupied with five identical two-bedroom, one-bath apartments – one on the first floor and two each on the second and third – producing $9,211/month ($110,532/year) in gross rent . Six separate electric meters keep tenants responsible for their own electric; landlord covers water and gas. Insurance approx. $4,500, water $5,000, gas $6,000, repairs/maintenance $6,000; 2027 real estate taxes $42,050 per NYC DOF. Sold with great quality tenants in place consistently paying on time.
The location speaks for itself: a short walk to the 7 train at 103 St–Corona Plaza, the Roosevelt Avenue and National Street retail corridors, and Flushing Meadows–Corona Park, with quick access to the Grand Central Parkway, LIE and LaGuardia!
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling Electric
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ace Academy For Scholars
Middle Schools Civic Leadership Academy
High Schools Queens24
School District Queens24
Others
Special Listing Condition None
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Listed by Compass Greater NY LLC • Mahir Sadman SFR
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