10008 Northern Blvd Flushing, NY 11368-1047

Property Details for 10008 Northern Blvd

Year built

1926

Lot size

0.05 lot acres

Property size

2,124 SF

Zone code

R6A

Property type

Investment properties

Property subtype

Live-work space

APN

01715-0004

APU

17150004

Description

This exceptional mixed-use property, located at 10008 Northern Blvd in Corona, NY, presents a lucrative investment opportunity. The 2,300 square foot building sits on a 0.05-acre lot (20x115 feet) and has undergone a complete renovation, boasting a new roof and updated electrical systems. The first floor is currently leased to a restaurant under a four-year lease with three years remaining. The tenant pays a monthly rent of $5,940 plus 75% of the water bill, with a 3% annual rent increase built into the lease. The restaurant occupies the first floor, basement, and yard. The second floor features two separate residential units. One unit, a two-bedroom apartment with a living room, kitchen, and bathroom, rents for $2,300 per month, with the tenant responsible for electricity and gas. The owner covers heating costs. The other two-bedroom unit, with a living room, dining room, kitchen, and bathroom, rents for $1,600 per month, with the tenant responsible for electricity and gas. This tenant also provides building cleaning and garbage removal services. This unit is month-to-month. This prime location offers unparalleled convenience, with easy access to public transportation, schools, a library, banks, laundromats, supermarkets, LaGuardia Airport, Citi Field, and Flushing Meadows Corona Park. The property's strong rental income stream, coupled with its desirable location and recent renovations, makes it an ideal investment for discerning buyers. The asking price is $1,900,000.

Location Insight

City

Flushing

County

Queens

State

New York

Longitude

-73.868

Latitude

40.7571

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments