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Property profile & analytics
OFF-MARKET
Investment properties

3703 101st St Flushing, NY 11368

2,970 SF 0.02 ac lot Built 2005
Individually Owned 21-yr Hold Free & Clear
Property ID
US63-1963250
Property summary
AI-generated overview

This exceptional mixed-use property is ideally situated in the bustling heart of Corona, New York. Boasting a prime location, this 2,973 square foot building presents a lucrative investment opportunity. The property comprises a thriving laundromat, generating consistent income, and three residential apartments. The apartment layout includes one spacious three-bedroom unit with two full bathrooms, catering to families or those seeking ample living space. Additionally, there are two one-bedroom apartments, perfect for individuals or couples. The building's dimensions measure 26.03 feet by 38.50 feet, offering a solid footprint. Its strategic location provides unparalleled convenience, with the 7 train on Roosevelt Avenue easily accessible within a 10-minute walk. This translates to effortless commutes and access to a wide array of amenities and services. The high foot traffic in this vibrant neighborhood ensures strong potential for both the commercial and residential components of this property. This is a rare opportunity to acquire a well-established, income-generating asset in a highly sought-after area. The asking price is $1,980,000. This property is offered as-is.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2005
Total area 2,970 SF
Lot 0.02 ac (991 SF)
Zoning code R6B
APN 01767-0001
UPID US63-1963250
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Yu X Lu · 21 yrs held
Yu X Lu
since 2005
7 recorded transactions
2005
$726,326
2005
$680,191
2005
$680,191
2004
$661,862
2004
$687,318
2004
$692,410
2004
$682,227
Zoning & alternative use
R6B · Flushing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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