104-14 37th Avenue, North Corona, NY 11368

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$1,165,000 Sold Price
Sold on 5/02/2024
 
Listing ID 11212735
Property Type Commercial Building
County Queens
Township Queens
Neighborhood North Corona
Total Tax $13,300
FEMA Flood Map fema.gov/portal
Year Built 1931
Virtual Tour

This is a 3-family building with a storefront (Deli).

This prime Corona mixed-use property offers an excellent investment opportunity with a cap rate of 5.5%. The building features a three-family layout with a commercial store (Deli) on the ground floor and a one-bedroom apartment. The second and third floors each house a spacious four-bedroom apartment, both with rear terraces. Situated near a variety of businesses, stores, Houses of Worship, and convenient transportation options including the 7 subway line and Q23 + Q48 bus lines. With a total income of $115,200 per year, this presents a lucrative and strategic opportunity for any buyer and investor. Bsmt - Full/Unfinished - Half Bathroom 1st floor - Grocery Store - 1 Bedroom Apt - $4,500 lease for both units for 2 more years with option to 5 more 2nd floor - 4 Bedroom - Living Room - Kitchen - Full Bathroom and Rear Terrace - $2,500 lease up to 1/24 3rd floor - 4 Bedroom - Living Room - Kitchen - Full Bathroom and Rear Terrace - $2,600 No Lease
Property Details
  • 3 Full Baths
  • 1 Half Bath
  • 3044 SF Lot
  • Built in 1931
  • 3 Stories
  • Available 10/12/2023
  • Full Basement
  • Lower Level: Unfinished
Interior Features
  • Steam Radiators
  • 1 Heat/AC Zones
  • Natural Gas Fuel
  • Natural Gas Avail
Exterior Features
  • Masonry - Brick Construction
  • Municipal Water
  • Municipal Sewer
  • Patio
  • Near Bus
Community Details
  • Triplex (Bldg. Style)
Income/Expenses
  • Insurance Exp $6,484
  • Electric Exp $621
  • Water Exp $7,492
  • Total Exp $20,596
Taxes and Fees
  • $13,300 Total Tax
Sale Information
  • Sold on 5/02/2024
  • Sold for $1,165,000
  • Buyer's Agent: Nora Avalos
  • Company: NY SUPERIOR REALTY
Previously Listed By
NY SUPERIOR REALTY
Office: 718-205-7770
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