33-49 106th St, Queens, NY 11368

Property Description

ATTENTION INVESTORS: Rare value-add opportunity in the heart of the "Crown of Queens." This is the ultimate high-yield play for those ready to move fast. 33-49 106th St is a commanding 3,600 sq ft masonry walk-up that perfectly captures the prestige of Corona’s namesake. We are looking for an ALL-CASH buyer ready to seize a diamond in the rough. This 1933 Late Gothic Revival gem stands three stories tall and features six residential units, each designed as a spacious 2-bedroom, 1-bathroom open-concept layout. The property sits on a 20.33' x 100' lot (Zoning R5, Property Class C1) and includes a massive bonus: a three-car garage located at 106-01 Gar 34th Ave. In a market where parking is gold, this is a massive secondary revenue stream or a major draw for future occupancy. The building is being delivered with six tenants in place (Four are FREE MARKET and Two are RENT STABILIZED), offering immediate cash flow from day one. Does it need work? Yes. And that is exactly where your equity lives. This is a classic "fix and flip" or "buy and hold" project for an investor who understands how to unlock the massive potential of a solid pre-war structure in one of the most vibrant sections of Queens. Opportunities with this much scale and upside do not last. Bring your contractor, bring your proof of funds, and claim your stake in the Crown of Queens before someone else does. All-cash deals only. Act now.