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Off Market
1/9

10018 40th Rd
Corona, NY 11368


HIGHLIGHTS

  • Net Operating Income (NOI): $170,810 (5.34 Cap!!!)
  • 10 Unit 100% Occupied Apartment Building Located In The Heart Of Corona
  • (6) 3 Bedroom Apartments, (3) 2 Bedroom Apartments, (1) 1 Bedroom Apartment
  • Solid Tenants, An Elevator, Skylight, LED Lighting, +++!!!
  • Low Taxes (Only $7,135)
  • The 6 (3) Bedroom Apartments & (1) 2 Bedroom Apartment (Unit 1R) Are Rent Stabilized; The Rest Of The Units Are M-M

OVERVIEW

Calling All Investors!!! 10 Unit 100% Occupied Apartment Building Located In The Heart Of Corona Offered For Sale At A 5.34 Cap!!! Renovated In 2016 The Property Features Solid Tenants, (6) 3 Bedroom Apartments, (3) 2 Bedroom Apartments, (1) 1 Bedroom Apartment, Low Taxes, An Elevator, Skylight, LED Lighting, +++!!! The 6 (3) Bedroom Apartments & (1) 2 Bedroom Apartment (Unit 1R) Are Rent Stabilized; The Rest Of The Units Are M-M. 1 BF $19,200 M-M 1 BR $19,200 M-M 1F $15,600 M-M 1R $19,115 6/30/2020 2F $17,563 2/28/2020 2R $21,000 10/31/2019 3F $19,116 4/30/2020 3R $20,726 3/31/2020 4F $19,001 2/28/2020 4R $20,348 3/31/2020 Gross Income: $190,869 Expenses: Taxes: $7,135 Insurance: $5,700 Gas: $0 Water & Sewer: $7,400 Total Expenses: $20,059 Net Operating Income (NOI): $170,810 (5.34 Cap!!!)

FOR SALE DETAILS

PRICE

-

# OF UNITS

-

CAP RATE

-

% LEASED

-

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

6556

STORIES

4

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

01610-0050