THREE FREE-MARKET MULTI-FAMILY BUILDINGS IN CORONA

Size
9,375 sq. ft.
Address
104-24 38th Avenue, Corona, NY 11368
Property Type
Investment
Block & Lot
1775 / 6-7-8
Zoning
R5A
Special Features
The subject properties are three adjacent multi-family buildings on 38th Avenue between 104th and 108th Streets in Corona. The buildings consist of 20 free-market one- and two-bedroom apartments. Tenants have been in place for an average of 15+ years. The buildings have never had any vacancy and the owner has 100% collection rate despite the pandemic. There is potential to convert to condos – each apartment has its own separate electric meter, hot water tank, and a washer/dryer hookup.  The two-bedroom units average 850 SF, and the one-bedroom units average 675 SF. All units have been updated one year ago with new bathrooms and kitchens. (full description continued on flyer)
Nearby Transportation
7 train at the 103rd Street - Corona Plaza station.
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Broker’s Cooperation Invited
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