3436-3438 110th St Multi-Family FOR SALE


Corona, NY - North Corona
$3,398,000 USD
917-952-3306
, Corona, NY for Sale
$3,398,000 USD
Multi-Family - FOR SALE
1/2
null | 7% Cap Rate

3436-3438 110th St
Corona, NY
North Corona


HIGHLIGHTS

  • Reliable cash flow with long-term tenant stability
  • Ideal mix of 1, 2 & 3 bedroom apartments
  • Each building is 4,800 sq. ft. and each building sits on a 20 x 100 lot
  • 421-A Tax Abatement in Place – Significant savings and enhanced ROI
  • Well-Maintained young building

OVERVIEW

CORONA investment opportunity 7% cap rate - Built in 2008, well maintained TWO multi family buildings (not one) that are contiguous Strategically located in well-established robust Queens neighborhood, proximity to major transit, near Citifield, the NYCFC Soccer Stadium, Metropolitan Park and the proposed CASINO's which will create excellent appreciation as the area transforms. Offering 12 fully occupied apartments, with separate gas meters, electric meters and heating units, and a 421a tax abatement, translates to low operating costs and high NOI. Easy management and turn-key presents a high-yield investment with immediate income and long-term upside in one of NYC’s most in-demand rental markets. Positioned for long-term grown. Robust neighborhood.

ASK ABOUT THIS PROPERTY

John LawrenceDouglas EllimanMore Info
917-952-3306

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John LawrenceDouglas EllimanMore Info
917-952-3306

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