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10620 Corona Ave
Corona, NY 11368
Exclusive Mixed Use Property For Sale · Retail Property For Sale
Investment Highlights
- 100% Free Market
- Prime corner, highly visible location
- 40 minute trip time to Penn Station via 7 train and Long Island Railroad
- 6.5% Cap Rate
- Proximity to Flushing Meadows Corona Park
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,550 SF
Building Class
C
Year Built/Renovated
1989/2000
Building Height
4 Stories
Building FAR
1.60
Lot Size
0.15 AC
Zoning
R6B,C2-4 - Mixed Residential & Commercial Buildings
Parking
3 Spaces
Frontage
About 10620 CORONA AVE , CORONA, NY 11368
B6 Real Estate Advisors has been exclusively retained to arrange for the sale of 106-20 Corona Avenue, a fully occupied, 100% free market 3-story mixed-use building situated on the corner of 51st Avenue and Corona Avenue in Corona, Queens. The property is comprised of 10,550 SF and consists of 6 residential units, 2 restaurants, 1 store, and onsite parking with 7 spaces. The building is being offered at a 6.5% cap, and yet, the below-market rents offer a value add opportunity moving forward. This is a rare, fully occupied, cash-flowing investment opportunity in the heart of Queens.
Property Taxes
| Parcel Number | 01935-0029 | Improvements Assessment | $644,400 |
| Land Assessment | $43,650 | Total Assessment | $688,050 |
Property Taxes
Parcel Number
01935-0029
Land Assessment
$43,650
Improvements Assessment
$644,400
Total Assessment
$688,050
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