109-08 Northern Blvd - Storefront Retail/Residential FOR SALE


Corona, NY 11368- North Corona
$2,800,000 USD
617-763-0369
109-08 Northern Blvd, Corona, NY for Sale
$2,800,000 USD
Storefront Retail/Residential - FOR SALE
1/3
null | Request Cap Rate

109-08 Northern Blvd
Corona, NY 11368
North Corona


OVERVIEW

Situated in the vibrant heart of Corona, Queens, this three-story mixed-use building offers a compelling opportunity for investors and owner-occupiers alike. The property features two ground-level commercial units (one vacant) and two upper-level residential units, providing a balanced income stream. All leases are currently month to month terms. The building's strategic location on Northern Boulevard ensures high visibility and foot traffic, making it ideal for retail or office use. The residential units above offer comfortable living spaces, contributing to the property's versatility. Corona and the greater Queens area are undergoing a transformative wave of investment and revitalization, further enhancing the appeal of this prime mixed-use property: Willets Point Redevelopment Located just minutes from the property, the Willets Point megaproject is set to reshape the neighborhood with: • 2,500 units of 100% affordable housing • A new 25,000-seat stadium for NYCFC • A 250-room hotel • Extensive new retail, public open space, and community infrastructure This comprehensive development will create a vibrant, mixed-use district and serve as a major catalyst for local growth. Metropolitan Park Proposal Adjacent to Citi Field, a visionary $8 billion development is in planning: • 50-acre entertainment complex • Hard Rock Hotel & Casino • Dining, nightlife, performance venues, and community amenities Recently approved zoning changes (March 2025) mark a major milestone for this transformative project, anticipated to become a regional destination. “City of Yes” Zoning Reform As part of a broader effort to address housing shortages, the NYC Council passed the “City of Yes for Housing Opportunity” zoning amendment in December 2024. This initiative will enable new housing opportunities throughout Queens, increasing density and encouraging sustainable, transit-oriented growth. Together, these initiatives represent over $10 billion in planned investment—setting the stage for long-term appreciation, increased foot traffic, and enhanced commercial viability for Northern Boulevard and surrounding corridors.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$868 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commercial Fronts & Construction

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,830 SF

ZONING

R5, Queens

APN/PARCEL ID

01724-0005

ASK ABOUT THIS PROPERTY

Angela SchipanoThe LocalsMore Info
617-763-0369

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Angela SchipanoThe LocalsMore Info
617-763-0369

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