9902 Northern Blvd Flushing, NY 11368-1040

Property Details for 9902 Northern Blvd

Year built

1933

Lot size

0.05 lot acres

Property size

3,850 SF

Zone code

R6A

Property type

Apartment buildings

APN

01714-0001

APU

17140001

Description

This exceptional investment opportunity presents a prime corner brick building located at 9902 Northern Boulevard in Corona, Queens, New York. The property boasts a substantial 3,850 square feet on a large 2.205-acre lot. The building comprises a five-family dwelling and a separate 1,000 square foot retail store, both currently vacant. The residential units consist of three two-bedroom apartments and two additional two-bedroom apartments, offering significant potential for rental income. The property includes a full basement, adding further versatility and storage space. This property is situated in a high-traffic area of Queens, benefiting from over 30,000 vehicles passing daily and significant pedestrian traffic. Its convenient location offers easy access to public transportation, including the Roosevelt Avenue subway line and nearby bus stops. Furthermore, it's minutes away from downtown Flushing and approximately one mile from Citi Field. The property requires renovations, and an all-cash purchase is required. A pro forma income statement projects over $220,000 in annual gross income, highlighting the substantial return on investment potential. This is a rare opportunity to acquire a large, multi-family property with retail space in a highly desirable and busy location. The substantial lot size also presents possibilities for future development or expansion. Serious inquiries only. All cash offers are required.

Location Insight

City

Flushing

County

Queens

State

New York

Longitude

-73.8693

Latitude

40.757

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments