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.
For sale
$1,349,000
102-18 37th Avenue, Flushing, NY 11368
8beds
--sqft
Quadruplex, Multi Family
Built in 1931
-- sqft lot
$1,344,500 Zestimate®
$--/sqft
$-- HOA
What's special
- 188 days
- on Zillow |
- 238 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: December 04, 2024 at 02:51pm
Listing by:
Daniel Gale Sothebys Intl Rlty 516-627-4440,
Rosalyn Meyer 516-708-9022
Source: OneKey® MLS,MLS#: L3541648

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Other
- Description: Retail Store
- Level: First
Other
- Description: 2 two-bedroom units
- Level: Second
Other
- Description: 2 two-bedroom units
Heating
- Hot Water
Features
- Has basement: No
- Attic: See Remarks
- Has fireplace: No
Property
Parking
- Parking features: None
Lot
- Size: 2,078 Square Feet
- Dimensions: 25.02 x 83.05
- Features: Near Public Transit, Near Shops
Details
- Parcel number: 017680012
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
Condition
- Year built: 1931
Utilities & green energy
- Gas: Separate Gas Meters: 3
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Corona
Financial & listing details
- Annual tax amount: $35,000
- Date on market: 4/4/2024
- Listing agreement: Exclusive Right To Sell
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