108-45 Corona Avenue
Corona, NY, 11368 $ 1,799,000
Baths0.0 Sq 7,282 Monthly Estimate*
$ 10,774
Studio
for $1,799,000. This 7,282 square foot building was built in 2002 on a lot size of 0.06.
Calling All Investors, Developers, & End-Users!!! 3 Unit Free Market Mixed-Use Building In Corona For Sale!!! The Property Features Excellent Signage, Great Exposure, (2) Free Market Apartments, Strong R6B Zoning, High Ceilings, Separate Meters, Skylight, 6 Parking Spaces, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Corona Just Off The I-495 (LIE) & Grand Central Parkway 1 Block From The Queens The Queens Zoo & Just Minutes From Queens Center!!! Neighbors Include Petco, Mobil, Dunkin' Walgreens, 7-Eleven, Maaco Auto Body Shop, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: 99 Cent Store + Full LL (4,080 Sqft.): $66,499.32 Ann.; Lease Exp.: 2027 2nd Floor Apt. (3 Br., 1 Bath; 1,600 Sqft.): $48,360 Ann. 3rd Floor Apt. (2 Br., 1 Bath;1,600 Sqft.): $39,600 Ann. Pro Forma Gross Income: $154,459.32 Ann. Expenses: Gas: $0 Ann. Electric: $960 Ann. (Hallway Only) Maintenance & Repairs: $250 Ann. Insurance: $6,820 Ann. Taxes: $44,375.20 Ann. Water & Sewer: $5,778.53 Ann. Total Expenses: $58,183.73 Ann. Net Operating Income (NOI): $96,275.59 Ann.
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FeaturesGeneralNumberOfUnitsTotal 3
Lot Size Units Acres
Building Area Units Square Feet
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* Excluded FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
matthewshane8828@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,774
- Monthly Property Taxes
- $3,698
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Corona, NY
Average List Price $2,573,815
Percent of Sale Price 43%
About Corona, NY 116,701 Population
16% Since 2002
$ 48,057 Median Income
35.4 Median Age
41% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/8/2024 | $1,799,000 | -7.74% | Price Down |
| 7/19/2024 | $1,950,000 | | Listed Price |