5544 97th Pl | Corona, NY 11368
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5544 97th Pl
Corona, NY 11368
55-44 97th Pl · Multifamily Property For Sale · 6 Units
INVESTMENT HIGHLIGHTS
- Prime corona location, 3 minutes to LeFrak city stripe mall (Greatwall market, chase bank), short distance to queens center mall and Rego center mall.
- The building is applying for a 35-year tax abatement with the affordable housing program
- New construction, easy to maintain. All units are high-standard finishes with top-brand appliances.
- High potential for appreciation
EXECUTIVE SUMMARY
B SQUARE REALTY has been retained on an exclusive basis to market for sale, 55-44 97th place, a 6-story elevator building in prime Corona, Queens. The property was designed with modern and sleek high standard finishes, featuring (9) Units of 2 Beds 2 Baths, and (1) Unit of 3 Beds 2 Baths. All apartments feature spacious layouts, a kitchen with a custom cabinet, high-end stainless steel appliances, double-pained windows, and a central heat/air system.
Corona rental marketing is bombing, ALL UNITS ARE LEASED AT PREMIUM.
The property is situated only a half block from Lefrak City stipe mall, a short distance to Queen center mall, Rego center, supermarkets, the E, M, and R subway stations, and other public transportation.
Corona rental marketing is bombing, ALL UNITS ARE LEASED AT PREMIUM.
The property is situated only a half block from Lefrak City stipe mall, a short distance to Queen center mall, Rego center, supermarkets, the E, M, and R subway stations, and other public transportation.
PROPERTY FACTS
| Price Per Unit | $831,667 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.23% | Building Size | 11,870 SF |
| No. Units | 6 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment |
| Price Per Unit | $831,667 |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Building Size | 11,870 SF |
| No. Stories | 6 |
| Year Built | 2022 |
PROPERTY TAXES
| Parcel Number | 01905-0047 | Improvements Assessment | $597,025 |
| Land Assessment | $130,175 | Total Assessment | $727,200 |
PROPERTY TAXES
Parcel Number
01905-0047
Land Assessment
$130,175
Improvements Assessment
$597,025
Total Assessment
$727,200
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