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38 99th St, Queens, NY 11368

Active Listing
Listing Details:
$2,470,000 Price
Mixed-Use Townhouse Property Type
North Corona Neighborhood
7 Beds
8 Baths
5,180 Approx. Sq. Ft.
$408 RET
Key Features:
Rooftop Access
Unit Terrace

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.

Listing courtesy of Douglas Elliman Real Estate

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