101St St Corona, NY 11368
- Mixed-use properties
Current Use by Public Records
- Mixed-use properties
Property Details for 101St St
- Property type
- Mixed-use properties
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corona
- County
- Queens
- State
- New York
- Longitude
- -73.8674
- Latitude
- 40.7574