99-11 42 Avenue, Corona, NY 11368
- $965,000
- List Price
- $965,000
- Status
- ACTIVE
- MLS#
- 1008554
- Year Built
- 1931
- Days on Market
- 53
- Style
- Mid Rise
- Acres
- 0.05
- County
- Queens
- City Orig
- Corona
- Lot Size
- 2133
Property Description
Prime Corona Investment Opportunity: Located in the heart of Corona, Queens, 99-11 42nd Avenue is a well-maintained, cash-flowing 6-family brick building perfect for savvy investors looking to maximize cash flow or execute a seamless 1031 exchange. The property features six residential units, consisting of five spacious 2-bedroom apartments and one comfortable 1-bedroom apartment, all configured with efficient, tenant-friendly layouts. Landlord overhead is kept low thanks to a total of 7 electric and 7 gas meters, providing separate utility ( cooking gas and Electric) setups for each individual unit so tenants pay their own expenses. The location is extremely convenient, situated just blocks from the 103rd St-Corona Plaza 7-train subway station, which offers a seamless commute directly into Midtown Manhattan and Long Island City. It’s located in close proximity to a vibrant mix of local shopping, diverse dining options, community parks, and essential services ensuring a strong rental demand, making this a phenomenal income-generating asset to add to your real estate portfolio. With a gross annual revenue of $113,486 and a NOI of $62,982 after all expenses, this investment will allow you to cash flow immediately.
Additional Information
- Heating
- Oil
- Cooling
- Wall/Window Unit(s)
- Sewer
- Public Sewer
- Elementary School
- Ps 19 Marino Jeantet
- High School
- High School For Arts & Business
- Stories
- 3
- School District
- Queens24
- Sq Ft
- 2133
- Taxes
- $21,372
- Parking
- None
- Water
- Public
Mortgage Calculator
Listing courtesy of Listing Agent: George C. Arnaudov (garnaudov13@gmail.com) from Listing Office: Keller Williams Landmark II.
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.