25
See all 25 photos
$3,780,000
Est. payment /mo
New
9807 37th AVE Corona, NY 11368
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1032756
Rental Info No
Year Built 1930
Annual Tax Amount $17,310
Property Sub-Type Multi Family
Source onekey2
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 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. Unbeatable location just steps from the #7 subway train and multiple bus lines in a high-foot-traffic commercial corridor. Must see!
Location
State NY
County Queens
Rooms
Basement Full, See Remarks, Storage Space
Interior
Heating Electric
Cooling Multi Units
Fireplace No
Exterior
Parking Features Detached, Garage
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 19 Marino Jeantet
Middle Schools Is 61 Leonardo Da Vinci
High Schools Queens24
School District Queens24
Others
Special Listing Condition None
Listed by New Group Realty Inc • Xun Lin
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