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10620 50th Ave 6 Unit Apartment Building $1,700,000 ($283,333/Unit) 5.62% Cap Rate Corona, NY 11368
Executive Summary
Legal 6-Family, Pre-war Walk-up Apartment Building; ONE 1-Bedroom and FIVE 2-Bedroom. Well Maintained Building; Brand New Windows & Doors; New Gas Heating System and Hot Water, Separate Meters; Steady rental incomes. This 20x80 huge size, brick building is located in Corona; Very Convenient Location, closes to the #7 Train, Major Expressway and nears Supermarket, Restaurant, Drug store, and Laundromat, etc. Excellent Investment Opportunity!
Property Facts
| Price | $1,700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $283,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.62% | Building Size | 4,800 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R6B - Medium density residential district | ||
| Price | $1,700,000 |
| Price Per Unit | $283,333 |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,800 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6B - Medium density residential district |
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Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (82)
Bike Score®
Very Bikeable (81)
Property Taxes
| Parcel Number | 01994-0001 | Improvements Assessment | $185,000 |
| Land Assessment | $3,364 | Total Assessment | $188,364 |
Property Taxes
Parcel Number
01994-0001
Land Assessment
$3,364
Improvements Assessment
$185,000
Total Assessment
$188,364
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10620 50th Ave
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