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listing
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MultifamilyFor Sale
$1,349,000
102-18 37th Avenue
New York, NY 11368
Listed by: Daniel Gale Sothebys Intl Rlty, 516-627-4440
MLS: OneKey MLS
8Beds
5Baths
Est. Mortgage
$7,063/mo

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.

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Information courtesy of Daniel Gale Sothebys Intl Rlty is subject to verification and is not guaranteed.
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