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3819 99th St 9 Unit Apartment Building $2,390,000 ($265,556/Unit) Corona, NY 11368
Executive Summary
Located at the Heart of Corona, this Impressive Four-story Brick Walk-up Represents a Premier Investment Opportunity with a Robust 6.25% Cap Rate. The Property is Fully Occupied, offering a Stable and Consistent Cash Flow underpinned by Severn Rent-Stabilized Residential Units and Two Established Community Facility Units, currently utilized as a Religious Center and a Professional Herbal Treatment Center. The building is Designed for Operational Efficiency, featuring Individual Gas and Electric Meter and Sprinklers throughout. Situated just a Short Walk from Roosevelt Avenue, the Property Offers Immediate Access to a Bustling Corridor of Commerce and Dining. The Easy Subway Access nearby Provides a Direct and Efficient Commute to Manhattan and Flushing, ensuring High Long-term Occupancy and Exceptional Value for any Savvy Investor.
Property Facts
| Price | $2,390,000 | Building Class | C |
| Price Per Unit | $265,556 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 8,649 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2005 |
| Apartment Style | Mid-Rise | ||
| Zoning | R5 | ||
| Price | $2,390,000 |
| Price Per Unit | $265,556 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 8,649 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2005 |
| Zoning | R5 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01765-0027 | Improvements Assessment | $360,122 |
| Land Assessment | $5,503 | Total Assessment | $365,625 |
Property Taxes
Parcel Number
01765-0027
Land Assessment
$5,503
Improvements Assessment
$360,122
Total Assessment
$365,625
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3819 99th St
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