SOLD: Six Unit Multifamily

40-11 102nd Street, Queens, New York, 11368
$1,150,000

Description

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.

Property Documents

Detail

  • Price: $1,150,000
  • Building Size: 4350 SF
  • Lot Size: 2500 SF
  • Year Built: 1974
  • Property Type: Multi-Family
  • Property Status: Sold
  • Property Tax Amount: $33,108
  • Block: 1974
  • Lot: 44
  • Zoning: R6B, C1-4
  • Property Stories: 3
  • Residential Units: 6
  • Annual Income: $102,624
  • Total Expenses: $48,258
  • NOI: $54,366
  • City: Queens
  • State/County: New York
  • 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.