3703 101St StCorona, NY 11368

Property Details for 3703 101St St

Year built

2005

Lot size

0.02 AC

Property size (Sq ft)

2,970 SF

Zone code

R6B

Property type

Investment properties

Property subtype

Live-work space

APN

01767-0001

APU

17670001

Description

This exceptional mixed-use property is ideally situated in the bustling heart of Corona, New York. Boasting a prime location, this 2,973 square foot building presents a lucrative investment opportunity. The property comprises a thriving laundromat, generating consistent income, and three residential apartments. The apartment layout includes one spacious three-bedroom unit with two full bathrooms, catering to families or those seeking ample living space. Additionally, there are two one-bedroom apartments, perfect for individuals or couples. The building's dimensions measure 26.03 feet by 38.50 feet, offering a solid footprint. Its strategic location provides unparalleled convenience, with the 7 train on Roosevelt Avenue easily accessible within a 10-minute walk. This translates to effortless commutes and access to a wide array of amenities and services. The high foot traffic in this vibrant neighborhood ensures strong potential for both the commercial and residential components of this property. This is a rare opportunity to acquire a well-established, income-generating asset in a highly sought-after area. The asking price is $1,980,000. This property is offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $491,030

  6.5%

  $453,258

  7%

  $420,883

• Comparable approach

  Method

  Valuation

  Relative Method

  $388,060

  Geo Method

  $388,060

• Alternative Use

  Use

  Valuation

  Residential

  $562,040

  Hospitality

  $514,826

  Educational

  $428,329

  Medical

  $443,060

  Retail

  $666,290

Location Insight

City

Flushing

County

Queens

State

New York

Latitude

40.7527

Longitude

-73.8661

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].