3534 99Th St Corona, NY 11368
- Mixed-use properties
Current Use by Public Records
- Mixed-use properties
Property Details for 3534 99Th St
- Property type
- Mixed-use properties
Description
This exceptional 2004-built mixed-use property in Corona, NY, presents a lucrative investment opportunity. The four-story brick building, each floor measuring 24x52 feet, encompasses seven residential units, each a one-bedroom, one-bathroom apartment, and a separate office space. A finished basement adds further utility. Situated on a 2,500 square foot lot, the building boasts a practical and efficient layout. Individual electric and gas meters, along with independent heating and cooling systems for each unit, simplify management and maximize efficiency. The R5A zoning allows for flexibility in future development plans. Currently enjoying a high return rate with consistently occupied units, this property offers exceptional stability. Significant tax savings are also available with six years of tax abatement remaining. Conveniently located, the property offers easy street parking and is just 15 minutes from Flushing and 30 minutes from Manhattan. Residents enjoy proximity to schools, shops, and restaurants, as well as nearby recreational amenities such as Corona Park, the USTA National Tennis Center, and Citi Field. This is a rare chance to acquire a well-maintained, high-performing property in a desirable and rapidly developing area. Don't miss this chance to secure a strong and stable investment.
Value Estimation
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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
- -73.8687
- Latitude
- 40.7529
