99-11 42 AVE, Corona, NY 11368
99-11 42 AVE, Corona, NY 11368
99-11 42 AVE, Corona, NY 11368
99-11 42 AVE, Corona, NY 11368
99-11 42 AVE, Corona, NY 11368
99-11 42 AVE, Corona, NY 11368
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

+1(201) 240-5200
$ 965,000
Est. payment | /mo
Save
$ 965,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1008554

Style Mid Rise

Rental Info No

Year Built 1931

Annual Tax Amount $21,372

Property Sub-Type Multi Family

Source onekey2

Property Description

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.

Location

State NY

County Queens

Rooms

Basement Full, Partially Finished

Interior

Heating Oil

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features None

Utilities Available Electricity Connected, Natural Gas Connected

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 19 Marino Jeantet

High Schools Queens24

School District Queens24

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Keller Williams Landmark II • George C. Arnaudov
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

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99-11 42 AVE

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