104-10-14 37th Avenue
Corona, NY 11368

Residential (Apartment)

0 Acres
5139 Sqft Living Area

9 Bedrooms

4 Bathrooms (3 Full, 1 Half)

Year Built: 1931

$2,226,000

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Property Description

This exceptional package deal includes a mixed-use property and an adjacent vacant lot, all in a prime Corona location. The mixed-use property features a three-family building with a commercial store (Deli) on the ground floor and a one-bedroom apartment. The second and third floors each have a spacious four-bedroom apartment. Situated near a variety of businesses, stores, Houses of Worship, and convenient transportation options including the 7 subway line and Q23 + Q48 bus lines. With a total income of $115,200 per year, this presents a lucrative and strategic opportunity for any buyer. Plus the adjacent vacant lot holds the potential to unlock even greater income possibilities! Cap Rate: 5.25% Vacant Lot: 25.02 x 121.01 lot size; used to be a garage; Basement: Full / Unfinished Basement - Half Bath; 1st floor: Grocery Store + 1 Bedroom Apartment $4,500 per month (2 more years on lease with option to 5 more); 2nd flr - 4 Bedrooms - Kitchen - Full Bath - Rear Terrace $2,500 per month exp. 01/2024; 3nd flr - 4 Bedrooms - Kitchen - Full Bath - Rear Terrace $2,600 per month, no lease