35-25 109th St - Apartments FOR SALE


Corona, NY 11368- North Corona
$1,999,000 USD
917-900-8066
35-25 109th St, Corona, NY for Sale
$1,999,000 USD
Apartments - FOR SALE
1/5
null | 5.95% Cap Rate

35-25 109th St
Corona, NY 11368
North Corona


HIGHLIGHTS

  • Prime Location – 5-minute walk to the 7 train, offering exceptional transportation convenience. •
  • Large Unit Layouts Throughout – each unit offers generous space and strong tenant appeal.
  • Newer Construction – modern building systems and low maintenance.
  • Fully Occupied with Excellent Tenants – all tenants pay rent on time; consistent and reliable income stream.

OVERVIEW

• Prime Corona Location – only 5 minutes’ walk to the 7 train; high-demand rental area. • CO Issued in 2010 – modern construction with updated systems and strong compliance. • All-Brick 5-Family – approx. 20×62 building on a 20×100 lot with 4,980 sq ft of living space. • Each Unit 2BR/2BA – approx. 996 sq ft per unit; excellent layout and tenant appeal. • Strong Investment Performance – net income over $118,988 annually after expenses. • Very Low Property Tax – benefiting from a 10-year tax reduction, annual tax only $1,270. • Turnkey & Easy to Rent – stable tenants, minimal maintenance, and consistently high demand. • Asking Price: Only $1,999,0000 – rare opportunity for a newer construction multi-family in Corona.

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$403 USD /SF

# OF UNITS

5

PRICE/UNIT

$399,800

CAP RATE

5.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Corona Prime Five

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2007

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,999 SF

ZONING

R5

APN/PARCEL ID

01753-0092

ASK ABOUT THIS PROPERTY

Alice Xin ZhangBillion Homes Realty CorpMore Info
917-900-8066

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Alice Xin ZhangBillion Homes Realty CorpMore Info
917-900-8066

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