Overview

Calling All Investors, Developers & End-Users!!! 100% Occupied Brand New 7 Unit Apartment Building In Flushing For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9’ Ceilings, Strong R6B Zoning, (1) 2 Br. Apt., (6) 1 Br. Apts., Basement Office, Security Camera System, Large Rear Yard, Separate Meters, Strategically Placed Curb Cut, All New LED Lighting, Sprinklers, 3 Phase Power, A/C, +++!!! The Building Was Built In 2022!!! The Property Is Located In The Heart Of Corona Just Off The Grand Central Parkway & I-495!!! The Property Is Situated Near Citifield, Flushing Meadows Corona Park, Queens Zoo & The Queens Museum!!! Neighbors Include Nike, The Home Depot, Target, Costco, 7-Eleven, Mobil, Gulf, T.J. Maxx, Marshalls, Raymour & Flanigan, Macy’s, New York Sports Club, Masco Auto Body, Olive Garden, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or Be The Next Home For Your Business!!! Income: Unit 1A (2 Br.): $31, 800 Ann. Unit 2A (1 Br.): $20, 700 Ann. Unit 2B (1 Br.): $25, 200 Ann. Unit 3A (1 Br.): $20, 700 Ann. Unit 3B (1 Br.): $25, 200 Ann. Unit 4A (1 Br.): $21, 312 Ann. Unit 4B (1 Br.): $25, 200 Ann. Parking: $1, 800 Ann.; M-M. Basement Office: $8, 400 Ann.; M-M. Expenses: Gas: $792 Ann. (Common Area Only) Electric: $1, 320 Ann. (Common Area Only) Maintenance & Repairs: $250 Ann. Insurance: $6, 589 Ann. Water: $3, 852 Ann. Taxes: $3, 034 Ann. Total Expenses: $15, 837 Ann. Current Gross Income: $180, 312 Ann. Net Operating Income (NOI): $164, 475 Ann.