Rare opportunity to own an income-producing five-family in the heart of Corona. This detached three-story brick building (approx. 3,750 SF on a 2,500 SF lot, built 1931, R5 zoning, Class C2) offers light and air on all four sides, a private paved side driveway with off-street parking, and balconies serving the upper units. The building is fully occupied with five identical two-bedroom, one-bath apartments - one on the first floor and two each on the second and third - producing $9,211/month ($110,532/year) in gross rent . Six separate electric meters keep tenants responsible for their own electric; landlord covers water and gas. Insurance approx. $4,500, water $5,000, gas $6,000, repairs/maintenance $6,000; 2027 real estate taxes $42,050 per NYC DOF. Sold with great quality tenants in place consistently paying on time. The location speaks for itself: a short walk to the 7 train at 103 St-Corona Plaza, the Roosevelt Avenue and National Street retail corridors, and Flushing Meadows-Corona Park, with quick access to the Grand Central Parkway, LIE and LaGuardia!
| MLS # | 1039373 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 79 |
| Listing Provided By | Compass Greater NY LLC | Mahir Sadman SFR |
| SQ Feet | 3,750 |
|---|---|
| Units | 5 |
| Zoning | R5 |
| Acreage | 0.06 |
| Cooling | Electric |
|---|---|
| Heating | Natural Gas |
| Construction Materials | Brick |
|---|
| Parking Features | Driveway |
|---|
| Utilities | Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2027 |
|---|---|
| Tax Assessed Value | 337950 |
| Tax Annual Amount | 42050 |
| State | NY |
|---|---|
| County | Queens |
| City | Corona |
| Zip Code | 11368 |
| School District | Academy-Finance & Enterprise |
| Elementary School | Ace Academy For Scholars |
| High School | Academy-Finance & Enterprise |
| Listing VS Median (in 11368) | |
Price: $849,999 low | high Med: $854,500 sqft: 3,750 low | high Med: 2,708 $ / sqft: $227 low | high Med: $371 On site: 79 low | high Med: 82 | |
| State | NY |
|---|---|
| County | Queens |
| City | Corona |
| Zip Code | 11368 |
| School District | Academy-Finance & Enterprise |
| Elementary School | Ace Academy For Scholars |
| High School | Academy-Finance & Enterprise |
| Listing VS Median (in 11368) | |
Price: $849,999 low | high Med: $854,500 sqft: 3,750 low | high Med: 2,708 $ / sqft: $227 low | high Med: $371 On site: 79 low | high Med: 82 | |