10112 46Th Ave Queens, NY 11368

This exceptional Class A, 35-unit apartment building in Queens, NY, presents a compelling investment opportunity. Boasting 32,028 square feet across four stories, this 1920s-era building sits on a 35,000 square foot lot and offers a mix of studio, one-bedroom, and two-bedroom units. The property currently generates a strong NOI of $431,341, representing a 5.57% cap rate. Pro-forma projections indicate a potential NOI of $445,000 and a 5.74% cap rate, showcasing significant upside potential. The building's strong performance is further supported by a gross income of $689,766 and expenses of $258,425. Located at 10112 46th Ave, Corona, NY 11368, this stabilized investment is zoned "C" and offers a rare combination of historical charm and modern investment potential in a thriving Queens neighborhood. The unit breakdown includes 22 one-bedroom units, 9 two-bedroom units, and 4 studio units. This property represents a unique chance to acquire a well-maintained, high-performing asset in a prime location. The substantial lot size also presents potential for future development or expansion, subject to applicable zoning regulations. This is a truly exceptional opportunity for discerning investors seeking a stable and appreciating asset in the vibrant New York City market.