101St St Corona, NY 11368
This exceptional investment opportunity presents two mixed-use properties ideally situated in the bustling heart of Corona, New York. Each building boasts a thriving laundromat on the ground floor, generating consistent rental income. Above the commercial space, each building features three residential units: one spacious three-bedroom, two-bathroom apartment and two one-bedroom apartments. This translates to a total of six residential units and two commercial spaces across both buildings, providing a diverse and robust revenue stream. The property's prime location ensures high occupancy rates and strong rental demand. Its proximity to essential amenities and convenient access to public transportation, specifically a ten-minute walk to the 7 train on Roosevelt Avenue, further enhances its appeal to both tenants and investors. This is a rare chance to acquire a well-established, income-producing portfolio in a highly sought-after area. The properties are offered at $3,880,000, representing a compelling investment opportunity with significant potential for future appreciation. The buildings are ready for immediate income generation, making this an attractive proposition for savvy investors seeking a stable and profitable venture in a thriving New York City neighborhood. The exact square footage is not currently available. The lot size is zero acres.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.