3534 99Th St Corona, NY 11368
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.
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
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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.