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About the Listing KLRW01 - 200152,9030875
Prime Corona Investment Opportunity: Located in the heart of Corona, Queens, 99-11 42nd Avenue is a well-maintained, cash-flowing 6-family brick building perfect for savvy investors looking to maximize cash flow or execute a seamless 1031 exchange. The property features six residential units, consisting of five spacious 2-bedroom apartments and one comfortable 1-bedroom apartment, all configured with efficient, tenant-friendly layouts. Landlord overhead is kept low thanks to a total of 7 electric and 7 gas meters, providing separate utility ( cooking gas and Electric) setups for each individual unit so tenants pay their own expenses. The location is extremely convenient, situated just blocks from the 103rd St-Corona Plaza 7-train subway station, which offers a seamless commute directly into Midtown Manhattan and Long Island City. It’s located in close proximity to a vibrant mix of local shopping, diverse dining options, community parks, and essential services ensuring a strong rental demand, making this a phenomenal income-generating asset to add to your real estate portfolio. With a gross annual revenue of $113,486 and a NOI of $62,982 after all expenses, this investment will allow you to cash flow immediately.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Oil
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Partially Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $21,372
- Taxes w/Assessments: N/A
- Tax/Property ID: 01616-0058
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
99-11 42 Ave Corona, NY 11368
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