Located at the Heart of Corona, this Impressive Four-story Brick Walk-up Represents a Premier Investment Opportunity with a Robust 6.25% Cap Rate. The Property is Fully Occupied, offering a Stable and Consistent Cash Flow underpinned by Severn Rent-Stabilized Residential Units and Two Established Community Facility Units, currently utilized as a Religious Center and a Professional Herbal Treatment Center. The building is Designed for Operational Efficiency, featuring Individual Gas and Electric Meter and Sprinklers throughout. Situated just a Short Walk from Roosevelt Avenue, the Property Offers Immediate Access to a Bustling Corridor of Commerce and Dining. The Easy Subway Access nearby Provides a Direct and Efficient Commute to Manhattan and Flushing, ensuring High Long-term Occupancy and Exceptional Value for any Savvy Investor.
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Listing By
Agency Name: Lin Pan Realty Group LLC
Agency Contact: 646-785-1699
Shown By
Agency Title: Laffey Real Estate
Agency Phone: 1-888-289-6902
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38-19 99th Street | MLS# 986275
This commercial property located at 38-19 99th Street, Corona, NY 11368 is currently listed for sale with an asking price of $2,390,000. 38-19 99th Street is located within the Queens24 school district. Search Corona real estate on www.laffey.com today.