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108-40 51st Ave

5 Unit Apartment Building $1,650,000 ($330,000/Unit) 5.56% Cap Rate Corona, NY 11368

Apartment Buildings New York Corona 108-40 51st Ave, Corona, NY 11368

Investment Highlights

  • Local bus stops in walking distance.
  • In close proximity to Mets-Willets Point train station.
  • Amenities in walking distance include Rocket Park Mini Golf, Queens Zoo, Queens Museum and Corona Park.
  • Located in the heart of Queens.

Executive Summary

Welcome to 108-40 51st Ave., an ideal investment property in the heart of Corona, NY. This two-story building with Five to Six Families (C2) classification offers 4,444 Sqft. of living space and a generous 50 ft x 100 ft lot (5,000 Sqft). With R5 zoning and a favorable FAR of .89, there's excellent potential for development and increased returns. Stable rental income and reasonable property taxes of $13,965 add to its appeal. Don't miss out on this lucrative opportunity!

Attachments

108-40 51st Ave. revision 1

Property Facts

Price $1,650,000 Property Subtype Apartment
Price Per Unit $330,000 Lot Size 0.11 AC
Sale Type Investment Building Size 4,444 SF
Cap Rate 5.56% Average Occupancy 100%
No. Units 5 No. Stories 2
Property Type Multifamily Year Built 1920
Price $1,650,000
Price Per Unit $330,000
Sale Type Investment
Cap Rate 5.56%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Lot Size 0.11 AC
Building Size 4,444 SF
Average Occupancy 100%
No. Stories 2
Year Built 1920
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Walk Score ®
Very Walkable (89)
Transit Score ®
Excellent Transit (81)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 02007-0017 Improvements Assessment $75,783
Land Assessment $47,157 Total Assessment $122,940

PROPERTY TAXES

Parcel Number
02007-0017
Land Assessment
$47,157
Improvements Assessment
$75,783
Total Assessment
$122,940

zoning

Zoning Code R5
R5
(718) 229-2922 x102

  • Listing ID: 29060316

  • Date on Market: 7/20/2023

  • Last Updated:

  • Address: 108-40 51st Ave, Corona, NY 11368

More public record information on 108-40 51st Ave, Corona, NY 11368

The Multifamily Property at 108-40 51st Ave, Corona, NY 11368 is currently available For Sale. Contact Prime Realty for more information.

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108-40 51st Ave
(718) 229-2922 x 102

108-40 51st Ave

Mitch Slavuter

(718) 229-2922

x102

(718) 229-2922 x102

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