10607 Northern Blvd - Apartments CONDO FOR SALE


Corona, NY 11368
$2,260,000 USD
718-913-9909
10607 Northern Blvd, Corona, NY for Sale
$2,260,000 USD
Apartments CONDO - FOR SALE
1/10
null | 5.5% Cap Rate

10607 Northern Blvd
Corona, NY 11368


HIGHLIGHTS

  • The Ultimate 4-in-1 Flex Space Portfolio Catalyst
  • Dedicated curb cut for streamlined loading and pull-up access
  • Allow for dramatic, high-impact vertical product displays that are highly visible from the street
  • Heavy daytime foot traffic

OVERVIEW

Exclusive Opportunity: Mixed-Use Commercial Property with Turn-Key Business in Corona. Prime Investment Alert: An exceptional opportunity for owner-users seeking a "live-work" or "semi-retirement" lifestyle! Purchase this prime commercial real estate and take over a multi-million dollar business. Property Highlights (Northern Blvd, Corona): Total 3-Level Commercial Building Ground Floor: 2,693 sq. ft. (Impressive 25'-38' storefront frontage) Second Floor: 1,537 sq. ft. Finished Basement: 1,675 sq. ft. Curb cut for loading -pull up access Private multiple cars driveway 23X100 sqft Operating Costs: Common Charge: $1,410/mo | RE Taxes: $2,410/mo Investment Potential: Projected Rental Income: $15,000/month | Conservative CAP Rate: 5.5% Strategic Location & Development: Situated within walking distance of the highly anticipated Metropolitan Park—the multi-billion dollar casino and entertainment complex spearheaded by Mets owner Steve Cohen and Hard Rock. The Corona/Willets Point area is undergoing its most significant transformation in decades. With 23,000 new jobs projected, the demand for local services (retail, dining, amenities) will skyrocket. This is the turning point for Corona: transitioning from a local neighborhood hub to a premier New York destination for tourists and professionals alike.

FOR SALE DETAILS

PRICE

$2,260,000 USD

PRICE/SF

$383 USD /SF

CAP RATE

5.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

96%

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

50,005 SF

STORIES

7

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,421 SF

ZONING

R6A

APN/PARCEL ID

01701-1002,01701-1004,01701-1005

ASK ABOUT THIS PROPERTY

Zee ChenSunAmerica Realty Choice IncMore Info
718-913-9909

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Zee ChenSunAmerica Realty Choice IncMore Info
718-913-9909

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