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3436-3438 110th St 2 Multifamily Properties Offered at $3,398,000 in Corona, NY
INVESTMENT HIGHLIGHTS
- Reliable cash flow with long-term tenant stability
- Each building is 4,800 sq. ft. and each building sits on a 20 x 100 lot
- Well-Maintained young building
- Ideal mix of 1, 2 & 3 bedroom apartments
- 421-A Tax Abatement in Place – Significant savings and enhanced ROI
EXECUTIVE SUMMARY
CORONA investment opportunity 7% cap rate - Built in 2008, well maintained
TWO multi family buildings (not one) that are contiguous
Strategically located in well-established robust Queens neighborhood, proximity to major transit, near Citifield, the NYCFC Soccer Stadium, Metropolitan Park and the proposed CASINO's which will create excellent appreciation as the area transforms.
Offering 12 fully occupied apartments, with separate gas meters, electric meters and heating units, and a 421a tax abatement, translates to low operating costs and high NOI.
Easy management and turn-key presents a high-yield investment with immediate income and long-term upside in one of NYC’s most in-demand rental markets. Positioned for long-term grown. Robust neighborhood.
TWO multi family buildings (not one) that are contiguous
Strategically located in well-established robust Queens neighborhood, proximity to major transit, near Citifield, the NYCFC Soccer Stadium, Metropolitan Park and the proposed CASINO's which will create excellent appreciation as the area transforms.
Offering 12 fully occupied apartments, with separate gas meters, electric meters and heating units, and a 421a tax abatement, translates to low operating costs and high NOI.
Easy management and turn-key presents a high-yield investment with immediate income and long-term upside in one of NYC’s most in-demand rental markets. Positioned for long-term grown. Robust neighborhood.
PROPERTY FACTS
| Price | $3,398,000 | Number of Properties | 2 |
| Price / SF | $348.16 / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 9,760 SF |
| Sale Type | Investment | Total Land Area | 0.10 AC |
| Status | Active |
| Price | $3,398,000 |
| Price / SF | $348.16 / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 9,760 SF |
| Total Land Area | 0.10 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 3436 110th St, Corona, NY 11368 | Multifamily | 4,880 SF | 2007 | - |
| 3438 110th St, Corona, NY 11368 | Multifamily | 4,880 SF | 1950 | - |
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3436-3438 110th St
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