For Sale
$1,990,000

3534 99Th St Corona, NY 11368

Seven Units + Office, High Return

Overview

Added:
Feb 3
Days on market:
74
This exceptional 2004-built mixed-use property in Corona, NY, presents a lucrative investment opportunity. The four-story brick building, each floor measuring 24x52 feet, encompasses seven residential units, each a one-bedroom, one-bathroom apartment, and a separate office space. A finished basement adds further utility. Situated on a 2,500 square foot lot, the building boasts a practical and efficient layout. Individual electric and gas meters, along with independent heating and cooling systems for each unit, simplify management and maximize efficiency. The R5A zoning allows for flexibility in future development plans. Currently enjoying a high return rate with consistently occupied units, this property offers exceptional stability. Significant tax savings are also available with six years of tax abatement remaining. Conveniently located, the property offers easy street parking and is just 15 minutes from Flushing and 30 minutes from Manhattan. Residents enjoy proximity to schools, shops, and restaurants, as well as nearby recreational amenities such as Corona Park, the USTA National Tennis Center, and Citi Field. This is a rare chance to acquire a well-maintained, high-performing property in a desirable and rapidly developing area. Don't miss this chance to secure a strong and stable investment.

Property Details for 3534 99Th St

Property type
Mixed-use properties

Location Insight

City
Corona
County
Queens
State
New York
Latitude
40.75292
Longitude
-73.86866
3534 99Th St, Corona, New York

FAQs

What type of property is this?
Mixed-use property - Seven Units + Office, High Return
Where is the mixed-use property located?
The property is located at 3534 99Th St Corona, NY.
What is the asking price?
The asking price for this property is $1,990,000.
How can I contact the broker?
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3534 99Th St
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