About 102-18 37th Avenue
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® # | usa_425835 |
|---|---|
| Price | $1,349,000 |
| Bedrooms | 8 |
| Bathrooms | 5.00 |
| Year Built | 1931 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 102-18 37th Avenue |
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| City | Flushing |
| State | New York |
| Zip Code | 11368 |
Exterior
| Lot Description | Near Public Transit, Near Shops |
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School Information
| District | Queens24 |
|---|---|
| Middle | Corona Arts And Sciences Academy |
| High | Newtown High School |
Additional Information
| Date Listed | April 2nd, 2024 |
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Agent & Office Information
| Office | Daniel Gale Sothebys Intl Rlty |
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