MLS # | L3541648 |
Details | 4 fam, 8 bed, 5 bath, Lot Size: 0.05 acres, 4 Units in the building |
Construction Year | 1931 |
Taxes (per year) | $35,000 |
Fuel Type | Gas |
Heat type | Hot water |
Basement | None |
Bus | 1 min: Q23 |
5 min: Q48 | |
6 min: Q66 | |
7 min: Q72 | |
Subway | 5 min: 7 |
LIRR | 1.1 miles: "Mets-Willets Point" |
1.8 miles: "Flushing Main Street" | |
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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. © 2025 OneKey™ MLS, LLC