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


Corona, NY 11368- North Corona | 
$1,675,000 USD
109-08 Northern Blvd, Corona, NY for Sale
$1,675,000 USD
Storefront Retail/Residential - FOR SALE
1/1
null | Request Cap Rate

109-08 Northern Blvd
Corona, NY 11368
North Corona


HIGHLIGHTS

  • Three-story, mixed-use property in the Corona neighborhood of Queens.
  • 2,092 SF lot with a 3,226 SF building configured with two commercial units and two residential units.
  • Projected NOI of $140,079 | 8.36% projected cap rate at asking price
  • Approximately 3,050 SF of additional development potential above the existing building
  • Northern Boulevard frontage along an established commercial and residential corridor
  • Convenient access to the 7 train, Flushing Meadows-Corona Park, Citi Field and surrounding Queens neighborhoods

OVERVIEW

Asset CRG Advisors, LLC has been exclusively retained to market 109-08 Northern Blvd, a three-story mixed-use investment and redevelopment opportunity in Corona, Queens. The property consists of approximately 3,226 SF on a 2,092 SF lot and is configured with two commercial units and two residential units. Zoned R6A / C2-4, the site allows approximately 6,276 buildable SF as-of-right, providing approximately 3,050 SF of additional development potential beyond the existing building. The property offers investors the opportunity to acquire an income-producing mixed-use asset with meaningful long-term redevelopment upside along the Northern Boulevard corridor. The property is conveniently located near the 7 train and provides access to Midtown Manhattan, Flushing, and major Queens destinations.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$519 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Three-story, Mixed-Use Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,092 SF

ZONING

R6A, C2-4

APN/PARCEL ID

01724-0005

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info

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