106-04 Northern Blvd Queens, NY 11368
- Day care centers
- 41,221 SF
Current Use by Public Records
- Day care centers
Property Details for 106-04 Northern Blvd
- Year built
- 2014
- Property size
- 41,221 SF
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
This exceptional six-story elevator building in Corona, Queens presents a compelling value-add investment opportunity. Boasting 41,221 square feet, the property comprises 28 residential apartments and four commercial units, offering a diverse income stream. Constructed in 2014, the building benefits from a 421A tax abatement extending through 2036, significantly enhancing its financial appeal. Located at 106-04 Northern Blvd, the property enjoys a prime corner location near abundant shopping, dining, and transportation options. Its proximity to the 111th Street Station (7 train) ensures convenient access for residents and patrons. The asking price is $11,750,000, translating to $285.05 per square foot and $419,642.86 per unit. This mixed-use property, categorized as an apartment building and daycare/nursery, offers significant potential for appreciation and strong cash flow. The building's size and diverse tenant base contribute to its resilience and long-term value. This is a rare opportunity to acquire a well-positioned, high-performing asset in a thriving Queens neighborhood. The property's strong fundamentals and favorable tax benefits make it an attractive investment for discerning buyers seeking substantial returns.
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
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8626
- Latitude
- 40.7575
