3819 99th St
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3819 99th St
7 Unit Apartment Building $2,400,000 ($342,857/Unit) 6.21% Cap Rate Corona, NY 11368
Executive Summary
For Sale: Prime 9 units Mixed-Use Property in Corona, Queens
Location: Perfectly situated just 3 blocks from the Junction Blvd. #7 train station and 1 block from bustling Roosevelt Avenue, this mixed-use property is in the heart of vibrant Corona, Queens.
Property Details: Build 2005. 4 Stories. 5184 Square Feet
• Gross Annual Income: $180,480
• Net Operating Income: $149,034
• Units: 7 one-bedroom apartments and 2 retail stores, offering diverse and stable income streams.
• Tax Abatement: Enjoy significant savings with 5 years remaining on the abatement.
• Condition: Well-maintained with minimal upkeep required.
Key Features:
• Prime Location: High-traffic area close to shopping, dining, and essential services.
Neighborhood Amenities: Near schools, parks, and cultural attractions.
•Tenant Appeal: Proximity to the #7 train and Roosevelt Avenue enhances desirability for both residential and commercial tenants.
• Steady Income: Fully rented apartments and retail spaces generate strong, reliable cash flow.
This is an exceptional opportunity for investors seeking a turnkey property in a thriving neighborhood.
Contact Barry today at 9176980262 for more information or to schedule a viewing.
Location: Perfectly situated just 3 blocks from the Junction Blvd. #7 train station and 1 block from bustling Roosevelt Avenue, this mixed-use property is in the heart of vibrant Corona, Queens.
Property Details: Build 2005. 4 Stories. 5184 Square Feet
• Gross Annual Income: $180,480
• Net Operating Income: $149,034
• Units: 7 one-bedroom apartments and 2 retail stores, offering diverse and stable income streams.
• Tax Abatement: Enjoy significant savings with 5 years remaining on the abatement.
• Condition: Well-maintained with minimal upkeep required.
Key Features:
• Prime Location: High-traffic area close to shopping, dining, and essential services.
Neighborhood Amenities: Near schools, parks, and cultural attractions.
•Tenant Appeal: Proximity to the #7 train and Roosevelt Avenue enhances desirability for both residential and commercial tenants.
• Steady Income: Fully rented apartments and retail spaces generate strong, reliable cash flow.
This is an exceptional opportunity for investors seeking a turnkey property in a thriving neighborhood.
Contact Barry today at 9176980262 for more information or to schedule a viewing.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,400,000 | Apartment Style | Mid Rise |
| Price Per Unit | $342,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.21% | Building Size | 8,649 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2005 |
| Price | $2,400,000 |
| Price Per Unit | $342,857 |
| Sale Type | Investment |
| Cap Rate | 6.21% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 8,649 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2005 |
Unit Amenities
- Balcony
- Dishwasher
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (89)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 01765-0027 | Total Assessment | $354,294 (2024) |
| Land Assessment | $6,398 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $347,896 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
01765-0027
Land Assessment
$6,398 (2024)
Improvements Assessment
$347,896 (2024)
Total Assessment
$354,294 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R5 |
| R5 |
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3819 99th St
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