101-30 45th AvenueCorona, NY 11368

Description

Rare opportunity to own an income-producing five-family in the heart of Corona. This detached three-story brick building (approx. 3,750 SF on a 2,500 SF lot, built 1931, R5 zoning, Class C2) offers light and air on all four sides, a private paved side driveway with off-street parking, and balconies serving the upper units. The building is fully occupied with five identical two-bedroom, one-bath apartments – one on the first floor and two each on the second and third – producing $9,211/month ($110,532/year) in gross rent . Six separate electric meters keep tenants responsible for their own electric; landlord covers water and gas. Insurance approx. $4,500, water $5,000, gas $6,000, repairs/maintenance $6,000; 2027 real estate taxes $42,050 per NYC DOF. Sold with great quality tenants in place consistently paying on time. The location speaks for itself: a short walk to the 7 train at 103 St–Corona Plaza, the Roosevelt Avenue and National Street retail corridors, and Flushing Meadows–Corona Park, with quick access to the Grand Central Parkway, LIE and LaGuardia!

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

1931

Building area

3,750 Sq Ft

Lot size

0.06 acres

Days on market

47

MLS^® Listing#

1039373

Property Features

Cooling

Electric

Heating

Natural Gas

Parking

Driveway

Construction

Brick

Utilities

Natural Gas Available · Electricity Available · Electricity Connected · Natural Gas Connected · Sewer Available · Sewer Connected · Water Available · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Ace Academy For Scholars

Middle

Civic Leadership Academy

High

Academy-Finance & Enterprise

Financial Details

Annual taxes

$42,050

Assessed value

$337,950

Parcel number

01630-0014