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The Corona Prime Five 35-25 109th St 5 Unit Apartment Building $1,999,000 ($399,800/Unit) 6.25% Cap Rate Corona, NY 11368
INVESTMENT HIGHLIGHTS
- Prime Location – 5-minute walk to the 7 train, offering exceptional transportation convenience. •
- Newer Construction – modern building systems and low maintenance.
- Large Unit Layouts Throughout – each unit offers generous space and strong tenant appeal.
- Fully Occupied with Excellent Tenants – all tenants pay rent on time; consistent and reliable income stream.
EXECUTIVE SUMMARY
• Prime Corona Location – only 5 minutes’ walk to the 7 train; high-demand rental area.
• CO Issued in 2010 – modern construction with updated systems and strong compliance.
• All-Brick 5-Family – approx. 20×62 building on a 20×100 lot with 4,980 sq ft of living space.
• Each Unit 2BR/2BA – approx. 996 sq ft per unit; excellent layout and tenant appeal.
• Strong Investment Performance – net income over $125,000 annually after expenses.
• Very Low Property Tax – benefiting from a 10-year tax reduction, annual tax only $1,873.
• Turnkey & Easy to Rent – stable tenants, minimal maintenance, and consistently high demand.
• Asking Price: Only $1,999,0000 – rare opportunity for a newer construction multi-family in Corona.
• CO Issued in 2010 – modern construction with updated systems and strong compliance.
• All-Brick 5-Family – approx. 20×62 building on a 20×100 lot with 4,980 sq ft of living space.
• Each Unit 2BR/2BA – approx. 996 sq ft per unit; excellent layout and tenant appeal.
• Strong Investment Performance – net income over $125,000 annually after expenses.
• Very Low Property Tax – benefiting from a 10-year tax reduction, annual tax only $1,873.
• Turnkey & Easy to Rent – stable tenants, minimal maintenance, and consistently high demand.
• Asking Price: Only $1,999,0000 – rare opportunity for a newer construction multi-family in Corona.
PROPERTY FACTS
| Price | $1,999,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $399,800 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.25% | Building Size | 4,980 SF |
| No. Units | 5 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | ||
| Zoning | R5 | ||
| Price | $1,999,000 |
| Price Per Unit | $399,800 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 4,980 SF |
| No. Stories | 4 |
| Year Built | 2007 |
| Zoning | R5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 5 | - | - |
1 1
Walk Score®
Very Walkable (86)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 01753-0092 | Improvements Assessment | $345,471 |
| Land Assessment | $46,929 | Total Assessment | $392,400 |
PROPERTY TAXES
Parcel Number
01753-0092
Land Assessment
$46,929
Improvements Assessment
$345,471
Total Assessment
$392,400
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Billion Homes Realty Corp
The Corona Prime Five | 35-25 109th St
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