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- LoopNet Team
10018 40th Rd
Corona, NY 11368
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Net Operating Income (NOI): $170,810 (5.34 Cap!!!)
- (6) 3 Bedroom Apartments, (3) 2 Bedroom Apartments, (1) 1 Bedroom Apartment
- Low Taxes (Only $7,135)
- 10 Unit 100% Occupied Apartment Building Located In The Heart Of Corona
- Solid Tenants, An Elevator, Skylight, LED Lighting, +++!!!
- The 6 (3) Bedroom Apartments & (1) 2 Bedroom Apartment (Unit 1R) Are Rent Stabilized; The Rest Of The Units Are M-M
PROPERTY FACTS
| No. Units | 10 | Building Size | 6,556 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2006 |
| Building Class | C | Parking Ratio | 0.92/1,000 SF |
| Lot Size | 0.06 AC | ||
| Zoning | R6B - R6B is a medium-density residential zoning district in New York City, characterized by a maximum height of 50 feet and a floor area ratio (FAR) of 2.0. | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,556 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2006 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | R6B - R6B is a medium-density residential zoning district in New York City, characterized by a maximum height of 50 feet and a floor area ratio (FAR) of 2.0. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Heating
- Security System
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Oven
- Views
- Wi-Fi
- Basement
- Dining Room
- Family Room
- Handrails
- Office
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Security System
- Gated
- Trash Pickup - Curbside
- Wi-Fi
- Storage Space
- Bicycle Storage
ABOUT 10018 40TH RD , CORONA, NY 11368
Calling All Investors!!! 10 Unit 100% Occupied Apartment Building Located In The Heart Of Corona Offered For Sale At A 5.34 Cap!!! Renovated In 2016 The Property Features Solid Tenants, (6) 3 Bedroom Apartments, (3) 2 Bedroom Apartments, (1) 1 Bedroom Apartment, Low Taxes, An Elevator, Skylight, LED Lighting, +++!!! The 6 (3) Bedroom Apartments & (1) 2 Bedroom Apartment (Unit 1R) Are Rent Stabilized; The Rest Of The Units Are M-M. 1 BF $19,200 M-M 1 BR $19,200 M-M 1F $15,600 M-M 1R $19,115 6/30/2020 2F $17,563 2/28/2020 2R $21,000 10/31/2019 3F $19,116 4/30/2020 3R $20,726 3/31/2020 4F $19,001 2/28/2020 4R $20,348 3/31/2020 Gross Income: $190,869 Expenses: Taxes: $7,135 Insurance: $5,700 Gas: $0 Water & Sewer: $7,400 Total Expenses: $20,059 Net Operating Income (NOI): $170,810 (5.34 Cap!!!)
PROPERTY TAXES
| Parcel Number | 01610-0050 | Improvements Assessment | $389,314 |
| Land Assessment | $4,391 | Total Assessment | $393,705 |
PROPERTY TAXES
