104-107 37Th RdCorona, NY 11368

For Sale
$2,730,000

Prime Queens location, 5-unit building, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a well-maintained, three-story multifamily building situated in the vibrant Corona neighborhood of Queens, New York. The property, located at 107-22 37th Dr, boasts a total of 6,087 square feet on a 0.05-acre lot (48x42.27 feet). Constructed in 2016, the building is zoned R6B and offers a mix of residential and commercial space. The ground floor features a sizable storefront, ideal for a variety of businesses. The second floor comprises two apartments: a one-bedroom, one-bathroom unit and a two-bedroom, one-bathroom unit, each with its own kitchen and living room. The third floor contains three one-bedroom, one-bathroom apartments, each with a kitchen and living room. Tenants are responsible for their own heat, electricity, and cooking gas, simplifying property management. The building's convenient location offers easy access to shops, restaurants, schools, parks, and public transportation, including the Q48 bus and the 7 train (3 blocks away). This property presents a compelling investment opportunity with stable rental income and significant potential for future growth. The asking price is $2,730,000.

Highlights

  • Exceptional investment opportunity: 6,087 sq ft, three-story multifamily building in Corona, Queens.
  • Located at 107-22 37th Dr, on a 0.05-acre lot (48x42.27 ft).
  • Built in 2016, R6B zoning, includes ground floor commercial space and residential units.
  • Features a mix of 1- and 2-bedroom apartments; tenants pay their own utilities.
  • Prime location near public transportation (Q48 bus & 7 train), shops, restaurants, schools, and parks.
  • Asking price: $2,730,000.

Property Details for 104-107 37Th Rd

Property type
Multifamily properties, Apartment buildings
Square Feet
6,087 SF
Year Built
2016
Stories
3
Lot Size (sq. ft)
2,178 SF

Location Insight

City
Corona
County
Queens
State
New York
Latitude
40.7529011
Longitude
-73.8630515
104-107 37Th Rd, Corona, New York
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104-107 37Th Rd
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