102-18 37th Avenue , Flushing, NY 11368
Flushing, NY 11368
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.
Details
| MLS# | 3541648 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 166 |
| Listing Provided By | Daniel Gale Sothebys Intl Rlty | Rosalyn Meyer |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 5 Total |
| Units | 4 |
| Acreage | 0.05 |
Market Activity 11368
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Flushing |
| Zip Code | 11368 |
| Subarea | 12 |
| School District | Newtown High School |
| Elementary School | Queens 24 |
| Middle School | Corona Arts And Sciences Academy |
| High School | Newtown High School |
| Listing VS Median (in 11368) | |
Price: $1,349,000 low | high Med: $538,000 On Site: 166 low | high Med: 18.000000 | |