Flushing NY, 11368
$1,349,000
Commercial
For Sale
8 Beds
, 5 Full Bath
Details
ML#: 3541648
- Style: Other
- # of Families: 4
- Year Built: 1931
- Taxes: $35,000
- Status:Active
Description
A mixed-use property presents an unmissable investment in the bustling heart of Corona, Flushing, NY. This robust brick building, blending commercial utility with residential charm, stands as a testament to strategic property. It features 1 retail unit currently occupied by a florist and 4 occupied residential units that are rent stabilized, each offering spacious 2-bedroom apartments. This mix ensures a steady flow of income from diverse sources. Proximity to the No. 7 Train Station makes this property a convenient living space for commuters and an attractive spot for retail business, driving foot traffic and tenant demand. With a cap rate higher than 5.3 and low tax obligations, the financials of this property are as appealing as its physical attributes. This property is not just a place but a potential powerhouse of profitability.
More Property Details
Bedroom: 8
Full Bath: 5
Other: 1
Lot Sq Ft: 2078
Parking Facilities: None
Heat: Hot Water, Natural Gas
Water: Public
Taxes: $35,000
School District: Queens24
Block: 1768
Lot: 12