3729 103rd St - Flex FOR SALE


Corona, NY 11368- North Corona
$3,250,000 USD
929-666-2800
3729 103rd St, Corona, NY for Sale
$3,250,000 USD
Flex - FOR SALE
1/12
null | 6.36% Cap Rate

3729 103rd St
Corona, NY 11368
North Corona


HIGHLIGHTS

  • High-density areas in Queens, Brooklyn
  • New construction built in 2007
  • Zoning districts: R6B, C1-4 has the potential to appreciate
  • Only 1 block away from 7 train 103 St–Corona Plaza , close to major highways, shops, and restaurants, convenient to all.

OVERVIEW

Prime Location: Mixed-use building for Sale in Bustling Commercial Districts . A well-designed layout suitable for a restaurant that has 1750 sqft, including the basement, the monthly rent is $12,000. Plus 4 luxury residences. Two two-bedroom, one living room, and one bathroom on the second floor. The current monthly rents for each is $2,000. Each unit has the potential to be rented for $2500 to $2950. The third and fourth floors are two duplexes with three bedrooms, one living room and two bathrooms , the current monthly rents for each is $2,350. Each one has the potential to be rented for $3200 to $3500. All residential tenants no longer have a lease and can sign a new one. Only 1 block away from 7 train 103 St–Corona Plaza, close to major highways, shops, and restaurants, convenient to all. A rapidly growing area with increasing property values and rental demand. Perfect for both self-use and investment. Free Market Zoning districts: R6B, C1-4 Building Size: 5,700SF (25’ x 70’) Lot Size: 2,500 SF (25’ x 100’) Taxes: $39,903 Current Monthly Rent: $20,550 Total Yearly Rent: $246,600 Yearly Expenses: $40,000 NOI now : $206,600 Recent CAP Rate: 6.36% (After the new lease is signed, the cap rate will be raised over 8.% ) All informations you have to be verified by the buyer.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$570 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Bar, Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2007

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06

LAND SF

2,483

ZONING

R6B

APN/PARCEL ID

01769-0090

ASK ABOUT THIS PROPERTY

Athena houS10 RealtyMore Info
929-666-2800

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Athena houS10 RealtyMore Info
929-666-2800

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