Courtesy of: Mahir Sadman, Compass, mahir.sadman@compass.com
Courtesy of: Mahir Sadman, Compass, mahir.sadman@compass.com
$849,999
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Other
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$849,999
101-30 45th Avenue 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!
Courtesy of: Mahir Sadman, Compass, mahir.sadman@compass.com
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