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99-31 42nd Avenue, Corona, NY 11368

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$1,375,000 List Price
Off Market
 
Listing ID 11071467
Property Type Multi-Unit (5+)
County Queens
Township Queens
Neighborhood Corona
School NEW YORK CITY GEOGRAPHIC DISTRICT #24
Total Tax $19,024
Tax ID 1616-47
FEMA Flood Map fema.gov/portal
Year Built 1931
Virtual Tour

Beautifully maintained 6-family apartment building

This is a beautifully maintained 6-family apartment building with two apartments per floor - great investment opportunity. (5) Two-bedroom, 1 bath apartments and (1) One-bedroom, 1 bath apartment. New front door, separate electric and gas meters. New boiler in 2013. Five apartments are rent-stabilized, one is fair market. 7 train is 2 blocks away (103rd & Corona Plaza), the Q23 is one block away and the Q72 is 4 blocks away.
Property Details
  • 6 Full Baths
  • 4560 SF
  • 2500 SF Lot
  • Built in 1931
  • 3 Stories
  • Available 4/24/2022
  • Full Basement
  • Lower Level: Walk Out
Unit Information
Unit #1 – Rent Price: 1425, Bedrooms: 2, Full Baths: 1, Occupied
Unit #2 – Rent Price: 1003, Bedrooms: 1, Full Baths: 1, Occupied
Unit #3 – Rent Price: 1384, Bedrooms: 2, Full Baths: 1, Occupied
Unit #4 – Rent Price: 1348, Bedrooms: 2, Full Baths: 1, Occupied
Unit #5 – Rent Price: 1500, Bedrooms: 2, Full Baths: 1, Occupied
Unit #6 – Rent Price: 870, Bedrooms: 2, Full Baths: 1, Occupied
Interior Features
  • Hardwood Flooring
  • Vinyl Flooring
  • Steam Radiators
  • Gas Fuel
Exterior Features
  • Brick Siding
  • Tar Roof
  • Flat Roof
  • Municipal Water
  • Municipal Sewer
  • Street View
  • City View
  • Near Bus
  • Near Train
Commercial Info
  • M&P EQUITY PARTNERS (Business Name)
  • Uses: 6 Unit Residential Rental Apartments
  • 3% Cap. Rate
Income/Expenses
  • Gross Income $90,357
  • Net Income $54,032
  • Insurance Exp $3,725
  • Heat Exp $5,700
  • Electric Exp $600
  • Water Exp $7,300
  • Total Exp $36,325
  • Paid by Landlord: Heat, Water
Taxes and Fees
  • $19,024 Total Tax
  • Tax Year 2022
Previously Listed By
Mark Karten, SRS, PSA, ABR, SRES
KARTEN REAL ESTATE SERVICES LLC
Office: 917-502-2635
Listing data is deemed reliable but is NOT guaranteed accurate.
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