108-40 51st Ave - Apartments FOR SALE


Corona, NY 11368
$1,650,000 USD
718-229-2922
108-40 51st Ave, Corona, NY for Sale
$1,650,000 USD
Apartments - FOR SALE
1/5
null | 5.56% Cap Rate

108-40 51st Ave
Corona, NY 11368


HIGHLIGHTS

  • Local bus stops in walking distance.
  • Amenities in walking distance include Rocket Park Mini Golf, Queens Zoo, Queens Museum and Corona Park.
  • In close proximity to Mets-Willets Point train station.
  • Located in the heart of Queens.

OVERVIEW

Welcome to 108-40 51st Ave., an ideal investment property in the heart of Corona, NY. This two-story building with Five to Six Families (C2) classification offers 4,444 Sqft. of living space and a generous 50 ft x 100 ft lot (5,000 Sqft). With R5 zoning and a favorable FAR of .89, there's excellent potential for development and increased returns. Stable rental income and reasonable property taxes of $13,965 add to its appeal. Don't miss out on this lucrative opportunity!

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$371 USD /SF

# OF UNITS

5

PRICE/UNIT

$330,000

CAP RATE

5.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,007 SF

ZONING

R5

APN/PARCEL ID

02007-0017

ASK ABOUT THIS PROPERTY

Mitch SlavuterPrime RealtyMore Info
718-229-2922

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Mitch SlavuterPrime RealtyMore Info
718-229-2922

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.