9756 Corona Ave - Apartments FOR SALE


Corona, NY 11368
$1,750,000 USD
646-261-6430
9756 Corona Ave, Corona, NY for Sale
$1,750,000 USD
Apartments - FOR SALE
1/6
null | 6.2% Cap Rate

9756 Corona Ave
Corona, NY 11368


OVERVIEW

his property is a two-story building situated at 97-56 Corona Ave in the Corona neighborhood of Queens, New York. The lot on which it sits has dimensions of approximately 45.42 feet in width and 62.25 feet in depth, with a total lot size of 1,420 square feet. The building itself measures 45 feet in width and 48 feet in depth, offering a total building square footage of 2,776 square feet. With two stories, it likely includes multiple residential units or apartments, as well as a store or office space. The building is classified as "Primarily Three Family with One Store or Office (S2)," indicating a combination of residential and commercial usage. The property falls under the zoning designation R5, which typically allows for a mix of residential and limited commercial use. The floor area ratio (FAR) as-built is 1.95, which means that the total square footage of the building is within the allowable limits set by the zoning regulations. For the 2022/2023 fiscal year, the property has an assessed value of $1,495,000, which is used to calculate the real estate taxes. The real estate taxes for this period amount to $8,000. Overall, this property represents a mixed-use building in a residential and potentially commercial area of Corona, Queens. It offers a combination of living space and commercial opportunities, making it a valuable asset in a vibrant urban setting. his property is a two-story building situated at 97-56 Corona Ave in the Corona neighborhood of Queens, New York. The lot on which it sits has dimensions of approximately 45.42 feet in width and 62.25 feet in depth, with a total lot size of 1,420 square feet. The building itself measures 45 feet in width and 48 feet in depth, offering a total building square footage of 2,776 square feet. With two stories, it likely includes multiple residential units or apartments, as well as a store or office space. The building is classified as "Primarily Three Family with One Store or Office (S2)," indicating a combination of residential and commercial usage. The property falls under the zoning designation R5, which typically allows for a mix of residential and limited commercial use. The floor area ratio (FAR) as-built is 1.95, which means that the total square footage of the building is within the allowable limits set by the zoning regulations. For the 2022/2023 fiscal year, the property has an assessed value of $1,495,000, which is used to calculate the real estate taxes. The real estate taxes for this period amount to $8,000. Overall, this property represents a mixed-use building in a residential and potentially commercial area of Corona, Queens. It offers a combination of living space and commercial opportunities, making it a valuable asset in a vibrant urban setting.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$630 USD /SF

# OF UNITS

3

PRICE/UNIT

$583,333

CAP RATE

6.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,455 SF

ZONING

R5

APN/PARCEL ID

01879-0020

ASK ABOUT THIS PROPERTY

Mitch SlavuterPrime RealtyMore Info
646-261-6430

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Mitch SlavuterPrime RealtyMore Info
646-261-6430

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