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!
Listing By
Agency Name: New Group Realty Inc
Agency Contact: 718-255-9100
Shown By
Agent Name: Judit Szenes
Agent Phone: Cell: (516) 445-2256
Agency Title: Howard Hanna | Coach Realtors
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9807 37th Avenue | MLS# 1032756
This commercial property located at 9807 37th Avenue, Corona, NY 11368 is currently listed for sale with an asking price of $3,780,000. 37th Avenue is located within the Queens24 school district. Search Corona real estate on jszenes.coachrealtors.com today.