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Corona NY, 11368 $1,500,000

Misc For Sale 7 Beds , 4 Full Bath , 3200 SqFt 

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Details ML#: 3589301  

  • # of Families: 4
  • Year Built: 1931
  • Taxes: $13,869
  • Status:Active

Description

EXP Realty has retained the exclusive to present 40-71 Junction Boulevard, Corona Queens for Sale. Building size is a large 20 X 80, 3200 sqft and Lot is 20 X 100, 2000 sqft, Zoning R6B. This legal 4 family attached red-colored brick property is westward-facing that sits on an extremely active high pedestrian and vehicle area on Junction Boulevard. The property stands 2 stories consisting of 4 apartments of which all are occupied. 1F is about 450 sqft, 1 bedroom 1 bath and 1R, 2F, 2R are about 800 sqft, 2 bedroom and 1 bathroom. Total annual rent is $89K. Annual taxes are $13K, and with its heat, insurance, water and sewage, total expenses are $27K. For further income, renting the basement as storage to the countless businesses in the area or basement can be converted into a commercial store. Property has been well maintained without any need for major repairs. Boiler is 10 years and water tank is 3 years. There are No HPD or DOB violations which demonstrate non-problematic tenants. The 7 train is a 5 minute walk to Junction Boulevard Station. This property is an incredibly rare investment on a bustling and appreciating area of Corona Queens. We have pictures and virtual tours of all apartments with complete financials are available upon request.

More Property Details

Room Information

Bedroom: 7   Full Bath: 4   Other: 4  

Property Features

Lot Sq Ft: 2000   Approx. Int. Sq. Ft.: 3200.00   Parking Facilities: None  

Appliances & Utilities

Heat: Natural Gas, Steam   A/C: None   Water: Public   Sewer: Public Sewer  

Financial

Taxes: $13,869  

Local Area Information

School District: Civic Leadership Academy   Zoning: R6B   Block: 1605   Lot: 40  

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