9756 Corona Ave 3 Unit Apartment Building $1,750,000 ($583,333/Unit) 6.20% Cap Rate Corona, NY 11368

his property is a two-story building situated at 97-56 Corona Ave in the Corona neighborhood of Queens, New York. The lot on which it sits has dimensions of approximately 45.42 feet in width and 62.25 feet in depth, with a total lot size of 1,420 square feet.
The building itself measures 45 feet in width and 48 feet in depth, offering a total building square footage of 2,776 square feet. With two stories, it likely includes multiple residential units or apartments, as well as a store or office space. The building is classified as "Primarily Three Family with One Store or Office (S2)," indicating a combination of residential and commercial usage.
The property falls under the zoning designation R5, which typically allows for a mix of residential and limited commercial use. The floor area ratio (FAR) as-built is 1.95, which means that the total square footage of the building is within the allowable limits set by the zoning regulations.
For the 2022/2023 fiscal year, the property has an assessed value of $1,495,000, which is used to calculate the real estate taxes. The real estate taxes for this period amount to $8,000.
Overall, this property represents a mixed-use building in a residential and potentially commercial area of Corona, Queens. It offers a combination of living space and commercial opportunities, making it a valuable asset in a vibrant urban setting.


his property is a two-story building situated at 97-56 Corona Ave in the Corona neighborhood of Queens, New York. The lot on which it sits has dimensions of approximately 45.42 feet in width and 62.25 feet in depth, with a total lot size of 1,420 square feet.
The building itself measures 45 feet in width and 48 feet in depth, offering a total building square footage of 2,776 square feet. With two stories, it likely includes multiple residential units or apartments, as well as a store or office space. The building is classified as "Primarily Three Family with One Store or Office (S2)," indicating a combination of residential and commercial usage.
The property falls under the zoning designation R5, which typically allows for a mix of residential and limited commercial use. The floor area ratio (FAR) as-built is 1.95, which means that the total square footage of the building is within the allowable limits set by the zoning regulations.
For the 2022/2023 fiscal year, the property has an assessed value of $1,495,000, which is used to calculate the real estate taxes. The real estate taxes for this period amount to $8,000.
Overall, this property represents a mixed-use building in a residential and potentially commercial area of Corona, Queens. It offers a combination of living space and commercial opportunities, making it a valuable asset in a vibrant urban setting.