5507 103rd St - Apartments FOR SALE


Corona, NY 11368
$2,280,000 USD
917-880-4200
5507 103rd St, Corona, NY for Sale
$2,280,000 USD
Apartments - FOR SALE
1/7
null | 6.28% Cap Rate

5507 103rd St
Corona, NY 11368


HIGHLIGHTS

  • Near public transportation
  • Lively neighbourhood
  • munities from from supermarkets, restaurants, schools and professional offices.

OVERVIEW

Welcome to 5507-103 Street, a rare and expansive legal mixed-use property in the heart of vibrant Corona, Queens. This fully tenant-occupied income-generating building features a front and rear structure. gross annual rental income of $143,100, and an estimated cap rate over 6%. Set on a 3,155 sq ft lot with 4,250 sq ft of total building space, this property is perfect for savvy investors seeking both stability and growth potential. The property includes low annual taxes of $14,637. Each unit enjoys natural light and functional layouts, with high rental demand in the area ensuring low vacancy rates year-round. Perfectly situated near the 7 Subway Line and LIRR, this property offers direct access to Manhattan and Long Island, making it a commuter’s dream. Just minutes from supermarkets, restaurants, schools, and professional offices, it sits in a peaceful enclave while enjoying the best of urban convenience. This location is particularly attractive for renters, with high walkability and thriving neighborhood amenities.

FOR SALE DETAILS

PRICE

$2,280,000 USD

PRICE/SF

$536 USD /SF

# OF UNITS

-

CAP RATE

6.28%

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R5

APN/PARCEL ID

01944-0030

ASK ABOUT THIS PROPERTY

Zhe ChenUnited Real Estate FortuneMore Info
917-880-4200

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

Zhe ChenUnited Real Estate FortuneMore Info
917-880-4200

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