7 Unit Multifamily Building

3719, 107th Street, Queens, New York, 11368, United States of America
$2,150,000

Description

ERG Commercial Real Estate has been retained on an exclusive basis to arrange for the sale of 37-19 107th Street Corona, NY. The subject property is a recently built four story  multi-family building on 107th Street in between 37th Avenue and 37th Drive in Corona, Queens.  The building is 6,250 square feet and consists of 7 apartments. There are a total of (1) three bedroom apartments and (6) one bedroom apartments. This property is located in the central part of Corona and is walking distance to the main retail corridor of Roosevelt Avenue, equidistant between the 103rd Street Corona Plaza and 111th street stations. This location grants easy access to the 7 train, many shops and restaurants, and several MTA bus stops including the Q48, Q23, and Q66.  The building has a 25 year tax abatement in place (expires 2037) and is individually metered for heat/AC, hot water and electric, presenting a perfect investment opportunity for an investor seeking a property in a high demand rental neighborhood that is not management intensive

Property Documents

Detail

  • Price: $2,150,000
  • Building Size: 6250 SF
  • Lot Size: 2500 SF
  • Year Built: 2006
  • Property Type: Multi-Family
  • Property Tax Amount: 2169
  • Block: 1773
  • Lot: 35
  • Zoning: R6B
  • Property Stories: 4
  • Residential Units: 7
  • Annual Income: $130,800
  • Total Expenses: $21,819
  • NOI: $108,981
  • City: Queens
  • State/County: New York
  • Neighborhood: Corona
  • Country: United States

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