NY
Queens
Corona
11368
9807 37th Avenue
9807 37th Avenue, Corona, NY 11368
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Listing Type
Commercial/Industrial
Listing Status
Active
25
$3,780,000

Home Details for 9807 37th Avenue

Price
$3,780,000
Type
Commercial Sale
Year built
1930
County
Queens
Basement
Full, Storage Space
MLS Listing#
1032756
Property Description

Full gut renovated, semi-detached all-brick 3-story property boasting a 20x60 building size on a 25x100 lot, plus a full basement with separate entrance.High-yield layout features 1 prime corner storefront, 5 spacious residential apartments (ALL 3-Bedroom units), and 3 detached garages. Features separate utilities with 5 gas meters and 6 electric meters. Every unit is equipped with its own in-unit washer and dryer, split-system A/C. Strong cash-flowing investment property generating $283,284 in gross annual income with low annual expenses of $37,460, delivering an impressive Net Operating Income (NOI) of $245,823 and a 6.5% CAP rate. 100% FREE MARKET with zero rent stabilization. Unbeatable location just steps from the #7 subway train and multiple bus lines in a high-foot-traffic commercial corridor. Must see!

Property Features
  • Utilities
    • Natural Gas Available
    • Electricity Connected
    • Natural Gas Connected
    • Sewer Connected
    • Water Connected
  • Parking
    • Detached
    • Garage
  • Basement
    • Full
    • Storage Space
  • Cooling Information
    • Multi Units
  • Heating Information
    • Electric
  • Water Features
    • Public
School Information
School Information for 9807 37th Avenue, Corona, NY 11368
Elementary School
Ps 19 Marino Jeantet
Middle School
Is 61 Leonardo Da Vinci
High School
Newtown High School
Listing Courtesy: New Group Realty Inc - 718-255-9100
Presented by: Xun Lin
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EXIT ALL SEASONS REALTY
65-46 Grand Ave, Maspeth, NY 11378
Office
718 416 4411
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