37-29 103rd street Open House Save Request In-Person Tour Request Virtual Tour
Corona,NY 11368
OPEN HOUSE
Sun May 04, 1:00pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY825397
Bedrooms 10
Full Baths 6
Year Built 2007
Annual Tax Amount $39,903
Property Sub-Type Quadruplex
Property Description
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: 6.89% (After the new lease is signed, the cap rate will be raised over 8.% )
All informations you have to be verified by the buyer.
Location
State NY
County Queens
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Exterior
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Unknown
Others
Special Listing Condition None