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10620 50Th Ave Corona, NY 11368

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For Sale
$1,750,000

Six-unit building, excellent location, strong rental income.

Property size:
4,800 SF

Property Features for 10620 50Th Ave

General Information

Property type
Other commercial real estate
Square Feet
4,800 SF
Lot Size
2,614 SF

Building Details

Year Built
1931

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Listing Contact
John Liu
John Liu

Listing Agency: Chase Global Realty Corp Listing Agent: John Liu

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a well-maintained, six-unit pre-war walk-up apartment building located in the heart of Corona, NY. The property boasts a substantial 4,800 square feet of living space situated on a 0.06-acre lot. The building's layout comprises one one-bedroom unit and five two-bedroom units, all generating steady rental income, making it ideal for investors seeking a strong return. Recent upgrades include brand new windows and doors, ensuring energy efficiency and reduced maintenance costs. Furthermore, a new gas heating and hot water system has been installed, along with individual utility meters for each unit, providing tenants with transparency and simplifying billing. Constructed of concrete and brick, this solid building measures 20 feet by 80 feet, showcasing its substantial size and durability. Its prime location offers unparalleled convenience, with close proximity to the #7 train, major expressways, and an array of essential amenities including supermarkets, restaurants, pharmacies, and laundromats. This is a truly exceptional investment opportunity, offering a blend of strong rental income, modern upgrades, and a highly desirable location. The building's solid construction and strategic location ensure long-term value and stability for the discerning investor. The 0% vacancy rate further underscores the property's consistent performance and appeal to tenants.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Corona
County
Queens
State
New York
Longitude
-73.85658
Latitude
40.74422

FAQs

What type of property is this?
Commercial real estate - Six-unit building, excellent location, strong rental income.
Where is this commercial real estate located?
The property is located at 10620 50Th Ave Corona, NY.
What is the asking price?
The asking price for this property is $1,750,000.
More about this property
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