102-18 37th Avenue, Flushing, NY 11368

8 beds |
5 baths

Multi-Family Home
Built in 1931
2,178sqft lot
—— car garage
$——/sqft
Listed 1 year ago

Property Description

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.

Listing Status:: Active
Listing Office:: Daniel Gale Sothebys Intl Rlty : 516-627-4440
MLS ID:: L3541648

Basement: None
Heating: Hot WaterNatural Gas
Fireplace: Fireplaces: 0

This listing courtesy of Daniel Gale Sothebys Intl Rlty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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