9807 37th AvenueCorona, NY 11368

Description

Full gut renovated, semi-detached all-brick 3-story property boasting a 20x60 building size on a 25x100 lot, plus a full basement with separate entrance.High-yield layout features 1 prime storefront, 5 spacious residential apartments (ALL 3-Bedroom units), and 3 detached garages. Features separate utilities with 5 gas meters and 6 electric meters. Every unit is equipped with its own in-unit washer and dryer, split-system A/C. Strong cash-flowing investment property generating $283,284 in gross annual income with low annual expenses of $37,460, delivering an impressive Net Operating Income (NOI) of $245,823 and a 6.5% CAP rate. 100% FREE MARKET. Unbeatable location just steps from the #7 subway train and multiple bus lines in a high-foot-traffic commercial corridor. Must see!

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1930

Building area

3,600 Sq Ft

Garage spaces

3

Parking spaces

3

Days on market

76

MLS^® Listing#

1032789

Property Features

Interior

High Ceilings · Other

Cooling

Electric · Multi Units

Heating

Electric · Other

Basement

Full · Storage Space

Parking

Detached · Garage

Construction

Brick

Utilities

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

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Ps 19 Marino Jeantet

Middle

Is 61 Leonardo Da Vinci

High

Newtown High School

Financial Details

Annual taxes

$17,310

Parcel number

01739-0033

Directions

Google Maps