Prime investment opportunity in the heart of Corona Queens. Fully occupied 4-story mixed use solid brick building, constructed in 2005. The building is comprised of seven one bedroom apartments, with two units per floor, and two community facilities, located on the ground floor and the fully finished basement, with an accessible roof deck and backyard garden. There is a sprinkler system installed in the building.

Each unit comes individually metered with separate and a total of nine individual hot water tanks and boilers. Each apartment measures approx. 550SF. The four units on the 3rd and 4th floors each come with a private outdoor terrace.

All units can be delivered occupied with long term tenants paying on time. There is potential for rent increase. There is a Tax Abatement in place until 2030! Cap Rate approximately 5%+.

Conveniently located close to all major shops, restaurants, and transportation. Just a few short blocks from either the Junction Blvd or 103 St-Corona Plaza stops on the 7-train line, and less than a block off of Roosevelt Avenue.

Property Details of 38 -19 99th Street, Unit NA

Property Details

Map Location

Driving Directions

Listed by Scott Wang and of Douglas Elliman Real Estate

Based on information submitted to REBNY as of September 28, 2022 5:19 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: