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Property profile & analytics
OFF-MARKET
Mixed-use properties

101St St Corona, NY 11368

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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