112-39 38aveCorona, NY 11368

Description

Located approximately five minutes from the subway, this legal eight-family property offers strong rental income and excellent long-term investment potential. Property Highlights: Legal 8-family building, Solid brick construction, built in 2006 Four stories Approximately 6,424 sq. ft. of building area Approximately 22 by 215 &73 ft. building dimensions Approximately 25 ft. lot frontage Each apartment features approximately 2 bedrooms and 1 bathroom Approximately 16 bedrooms and 9 bathrooms in total Full finished basement Backyard parking for approximately four vehicles Approximately six years remaining on the property-tax abatement Current total rental income: approximately $235,000 per year • Tenants pay all utilities and expenses • Easy-to-maintain all-brick construction • Approximately five minutes from the subway An excellent opportunity for long-term rental income, portfolio expansion, or a 1031 Exchange.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

2006

Building area

6,424 Sq Ft

Days on market

29

MLS^® Listing#

1050891

Property Features

Cooling

Wall/Window Unit(s)

Heating

Natural Gas

Basement

Full

Parking

Parking Lot

Construction

Brick

Utilities

Natural Gas Available · Natural Gas Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Ps 143 Louis Armstrong

Middle

Corona Arts And Sciences Academy

High

High School For Arts & Business

Financial Details

Annual taxes

$1,120