Located at the Heart of Corona, this Impressive Four-story Brick Walk-up Represents a Premier Investment Opportunity with a Robust 6.25% Cap Rate. The Property is Fully Occupied, offering a Stable and Consistent Cash Flow underpinned by Severn Rent-Stabilized Residential Units and Two Established Community Facility Units, currently utilized as a Religious Center and a Professional Herbal Treatment Center. The building is Designed for Operational Efficiency, featuring Individual Gas and Electric Meter and Sprinklers throughout. Situated just a Short Walk from Roosevelt Avenue, the Property Offers Immediate Access to a Bustling Corridor of Commerce and Dining. The Easy Subway Access nearby Provides a Direct and Efficient Commute to Manhattan and Flushing, ensuring High Long-term Occupancy and Exceptional Value for any Savvy Investor.
Property Features
Utilities
Natural Gas Available
Electricity Available
Water Connected
Parking
No Garage
None
Basement
Finished
Full
Cooling Information
Wall/Window Unit(s)
Heating Information
Natural Gas
Water Features
Public
School Information
School Information for 38-19 99 Street, Corona, NY 11368
Elementary School
Contact Agent
Middle School
Is 61 Leonardo Da Vinci
High School
Newtown High School
Listing Courtesy: Lin Pan Realty Group LLC - 516-693-9888