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SOLD: Six Unit Multifamily

SOLD: Six Unit Multifamily

SOLD: Six Unit Multifamily
Price
1150000
Address
40-11 102nd Street, Queens, New York, 11368
Country
US
Location
Corona, Queens, New York
Status
Sold
Property Type
Multi-Family
Building Size
4350 SF
Lot Size
2500 SF
Zoning
R6B, C1-4
Block
1974
Lot
44
Property Tax Amount
$33,108
Annual Income
$102,624
Total Expenses
$48,258
NOI
$54,366
Year Built
1974
Stories
3
Residential Units
6
ERG Commercial Real Estate has been retained on an exclusive basis to arrange for the sale of 40-11 102nd Street in Corona. The subject property is a three story brick multi-family building located on 102nd Street just off of Roosevelt Avenue in Corona, Queens.  The building is 4,350 square feet and consists of six rent stabilized apartments. There are a total of (1) one bedroom apartments and (5) two bedroom apartments. This property is located in the heart of Corona and is walking distance to the main retail intersection of Roosevelt Avenue and 103rd Street Corona Plaza.  This prime location grants easy access to the 7 train, several MTA bus stops and an abundant amount of shops, restaurants, and businesses along the retail corridor. All tenants are current with rent and are long term tenants. This property provides a unique opportunity to acquire a multifamily building in which rent collections are not an issue due to Covid-19 circumstances.