21-22 Cornaga AveQueens, NY 11691

Property Details for 21-22 Cornaga Ave

Year built

1930

Property size (Sq ft)

12,420 SF

Property type

Mixed-use properties

Property subtype

Apartment buildings

Description

This exceptional investment opportunity presents three mixed-use buildings located at 21-18, 21-20, and 21-22 Cornaga Avenue in Queens, New York, 11691. The property boasts a total of 12,420 square feet, encompassing nine residential units and three ground-floor commercial spaces. Each building features a three-story structure, with two apartments on the second and third floors and a single commercial storefront on the ground floor. Built in 1930, the buildings sit on a 4,725 square foot lot and are zoned R5. The property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $299,000 annually, or $9,000 per month. The net rentable square footage is 4,140 square feet. This well-maintained property offers a compelling investment opportunity with significant potential for future growth and appreciation in a desirable Queens location. The asking price is $3,500,000. This is a rare chance to acquire a stable, high-performing multifamily asset with established income streams and significant upside potential. Serious inquiries only.

Location Insight

City

Queens

County

Queens

State

New York

Latitude

40.6022

Longitude

-73.7549

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