Multifamily Building

100-18, 40th Road, Queens, New York, 11368, United States of America
$299,999

Description

ERG Commercial Real Estate has been retained on an exclusive basis to arrange for the sale of 100-18 40th Road in Corona, NY. The subject property is a four story  multi-family building on 40th Road in between 100th and 102nd Street in Corona, Queens.  The building is 6,556 square feet and consists of 10 apartments. There are a total of (4) two bedroom apartments and (6) three bedroom apartments. This property is in the heart of Corona, down the block from the main retail corridor of Roosevelt Avenue and 103rd Street Corona Plaza, granting easy access to the 7 train and many shops and restaurants. The building is fully occupied and each tenant is individually metered for heat/AC, hot water and electric, presenting a perfect opportunity for an investor looking for newly built multifamily building in a high demand rental neighborhood that is not management intensive.

Property Documents

Detail

  • Price: $299,999
  • Building Size: 6556 SF
  • Lot Size: 2500 SF
  • Property Type: Multi-Family
  • Property Tax Amount: 6513
  • Block: 1610
  • Lot: 50
  • Zoning: R6B
  • Property Stories: 4
  • Residential Units: 10
  • Annual Income: 193220
  • Total Expenses: 28069
  • NOI: 169151
  • Address: 100-18 40th Road Queens, NY 1
  • City: Queens
  • State/County: New York
  • Zip/Postal Code: 11368
  • Neighborhood: Corona
  • Country: United States

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All information furnished here is deemed reliable, however it is submitted subject to errors, omissions, change of terms and conditions, prior sale or withdrawal without notice. We do not represent or guarantee the accuracy of any information contained herein and we are not liable for any reliance there on. Thus any prospective purchaser should independently verify all items deemed relevance to its due diligence enquiry with respect to the property, notwithstanding that the sender believes information be true and/or reasonable.