38-19 99th StreetCorona, NY 11368

Description

Located at the Heart of Corona, this Impressive Four-story Brick Walk-up Represents a Premier Investment Opportunity with a Robust 6.25% Cap Rate. The Property is Fully Occupied, offering a Stable and Consistent Cash Flow underpinned by Severn Rent-Stabilized Residential Units and Two Established Community Facility Units, currently utilized as a Religious Center and a Professional Herbal Treatment Center. The building is Designed for Operational Efficiency, featuring Individual Gas and Electric Meter and Sprinklers throughout. Situated just a Short Walk from Roosevelt Avenue, the Property Offers Immediate Access to a Bustling Corridor of Commerce and Dining. The Easy Subway Access nearby Provides a Direct and Efficient Commute to Manhattan and Flushing, ensuring High Long-term Occupancy and Exceptional Value for any Savvy Investor.

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

2005

Stories

4

Building area

5,184 Sq Ft

Lot size

2,609 Sq Ft

Days on market

161

MLS^® Listing#

986275

Property Features

Cooling

Wall/Window Unit(s)

Heating

Natural Gas

Basement

Finished · Full

Parking

No Garage · None

Construction

Brick

Utilities

Natural Gas Available · Electricity Available · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Contact Agent

Middle

Is 61 Leonardo Da Vinci

High

Newtown High School

Financial Details

Annual taxes

$6,098

Parcel number

01765-0027