112 38ave, Corona, NY 11368
- $2,680,000
- 16
- BD
- 9
- BA
- List Price
- $2,680,000
- MLS#
- 1050891
- Status
- ACTIVE
- Bedrooms
- 16
- Bathrooms
- 9
Property Description
Located approximately five minutes from the subway, this legal eight-family property offers strong rental income and excellent long-term investment potential. Property Highlights: Legal 8-family building, Solid brick construction, built in 2006 Four stories Approximately 6,424 sq. ft. of building area Approximately 22 × 73 ft. building dimensions Approximately 25 ft. lot frontage Each apartment features approximately 2 bedrooms and 1 bathroom Approximately 16 bedrooms and 9 bathrooms in total Full finished basement Backyard parking for approximately four vehicles Approximately six years remaining on the property-tax abatement Current total rental income: approximately $235,000 per year • Tenants pay all utilities and expenses • Easy-to-maintain all-brick construction • Approximately five minutes from the subway An excellent opportunity for long-term rental income, portfolio expansion, or a 1031 Exchange.
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Additional Information
- Year Built
- 2006
- School District
- Queens24
- Taxes Total
- 1120
- Heating
- Natural Gas
- Parking
- Parking Lot
- Basement
- Full
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $1,120
Mortgage Calculator
Listing courtesy of Listing Agent: Li H. Xu (soldbyjxu@gmail.com) from Listing Office: EXP Realty.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.