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99-12 37th Ave 2,602 SF 100% Leased Retail Building Corona, NY 11368 $1,699,000 ($652.96/SF) 6.18% Cap Rate
Investment Highlights
- Prime Mixed-Use Investment Opportunity
- R6B Zoning with C1-4 Commercial Overlay
- Separately Metered Utilities | Low Owner Operating Expenses
- Ground-Floor Retail + Two 2-Bedroom Residential Apartments
- All Tenants on Month-to-Month Tenancies
- Renovated Second-Floor Residential Units with Split-System A/C
Executive Summary
All tenants are currently month-to-month. Tenants can provide proof of rent payment. Property will be delivered with tenants in place.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,602 SF
Building Class
B
Year Built
1931
Price
$1,699,000
Price Per SF
$652.96
Cap Rate
6.18%
NOI
$104,998
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.33
Lot Size
0.05 AC
Zoning
R6B - R6B / C1-4
Frontage
19’ on 37Th Ave
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01762-0006 | Improvements Assessment | $34,207 |
| Land Assessment | $6,539 | Total Assessment | $40,746 |
Property Taxes
Parcel Number
01762-0006
Land Assessment
$6,539
Improvements Assessment
$34,207
Total Assessment
$40,746
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