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102-48 43rd Avenue, Queens, NY 11368

3 Photos
 
$1,795,000 List Price
Off Market
 
Listing ID 10647375
Property Type Multi-Unit (5+)
County Queens
Township Queens
Neighborhood Flushing
FEMA Flood Map fema.gov/portal
Year Built 1931
   
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Prime Corona Mixed-Use Building

The subject property, 102-48 43rd Avenue, is a three story mixed-use building that consists of 2 retail units and 4 four-bedroom apartments. The property is built 40 feet by 60 feet on the first through third floors and sits on a 40 foot by 100 foot lot with approximately 7,200 gross square feet. The property is zoned R6B, C2-3 allowing for approximately 847 gross square feet of available air rights (Block: 1978, Lot: 23) This property offers investors the rare opportunity to purchase a mixed-use building with four free market apartments below market value in the Corona section of Queens, New York
Property Details
  • Built in 1931
  • 3 Stories
Unit Information
Unit #1 – Gross Area: 1200, Rent Price: 3100
Unit #2 – Gross Area: 1020, Bedrooms: 4, Full Baths: 2
Income/Expenses
  • Gross Income $144,918
  • Net Income $78,641
  • Total Exp $66,277
Previously Listed By
Matthew Fotis
MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES INC
Office: 212-430-5100
Listing data is deemed reliable but is NOT guaranteed accurate.
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