5528 98th St - Apartments FOR SALE


Corona, NY 11368
$2,050,000 USD
516-205-2279
5528 98th St, Corona, NY for Sale
$2,050,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

5528 98th St
Corona, NY 11368


OVERVIEW

Located in the heart of Corona, Queens, this updated and recently renovated 6-unit walk-up multifamily building presents an exceptional investment opportunity with a strong existing income and long-term upside. The property features a desirable unit mix consisting of four one-bedroom apartments and two spacious two-bedroom apartments, each with its own private terrace. Utilities Paid By Tenant (Separate Meter): Heat and Gas. The building and units have been well maintained with numerous updates throughout, including a updated sprinkler system, new boiler, and surveillance security camera system, offering enhanced safety and security. The property also includes a finished basement with additional usable space, as well as parking that generates additional income potential. Conveniently located near public transportation, shopping, restaurants, schools, and major highways, this turnkey asset offers an attractive combination of cash flow, modern upgrades, and long-term value in one of Queens’ most established neighborhoods.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$504 USD /SF

# OF UNITS

6

PRICE/UNIT

$341,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi Family Investment Property - 6 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6B

APN/PARCEL ID

01906-0042

ASK ABOUT THIS PROPERTY

Rozita SoomekhThe Rozita Soomekh TeamMore Info
516-205-2279

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Rozita SoomekhThe Rozita Soomekh TeamMore Info
516-205-2279

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