10615 Corona AveCorona, NY 11368

Property Details for 10615 Corona Ave

Year built

1931

Lot size

0.08 AC

Property size (Sq ft)

4,200 SF

Zone code

R6B

Property type

Investment properties

Property subtype

Live-work space

APN

01994-0037

APU

19940037

Description

This exceptional mixed-use property, located at 10615 Corona Avenue in Corona, New York, presents a compelling investment opportunity. The building boasts a substantial 4,200 square feet of space, offering significant potential for a variety of commercial and residential uses. Its strategic location within the vibrant Corona neighborhood provides easy access to major transportation routes, ensuring high visibility and convenient accessibility for both businesses and residents. The property sits on a 0-acre lot, providing ample space for potential expansion or outdoor amenities, depending on zoning regulations and permitted uses. The asking price of $4,150,000 reflects the property's strong potential for return on investment, given its size, location, and versatility. Detailed zoning information and permitted uses should be independently verified with the relevant city authorities. This is an ideal opportunity for investors seeking a high-yield property in a rapidly growing area. Serious inquiries are encouraged to explore the possibilities this unique property offers. Further due diligence is recommended to assess the property's suitability for specific business plans and investment strategies. The property's condition and any necessary renovations should be independently assessed prior to purchase. This is a rare chance to acquire a substantial mixed-use property in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $694,385

  6.5%

  $640,971

  7%

  $595,188

• Comparable approach

  Method

  Valuation

  Relative Method

  $548,772

  Geo Method

  $548,772

• Alternative Use

  Use

  Valuation

  Residential

  $794,804

  Hospitality

  $728,036

  Educational

  $605,718

  Medical

  $626,549

  Retail

  $942,228

Location Insight

City

Flushing

County

Queens

State

New York

Latitude

40.744

Longitude

-73.8566

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].