$1,399,000
↓ $100K (6.7%)
●
Multifamily -
For Sale
102-18 37th Avenue
Flushing, NY 11368
8 Beds
5 Baths
$9,786
Estimated Monthly
$0
HOA / Fees
5.67%
Cap Rate
About This Property
A mixed-use property presents an unmissable investment in the
bustling heart of Corona, Flushing, NY. This robust brick building,
blending commercial utility with residential charm, stands as a
testament to strategic property. It features 1 retail unit
currently occupied by a florist and 4 occupied residential units
that are rent stabilized, each offering spacious 2-bedroom
apartments. This mix ensures a steady flow of income from diverse
sources. Proximity to the No. 7 Train Station makes this
property a convenient living space for commuters and an attractive
spot for retail business, driving foot traffic and tenant demand.
With a cap rate higher than 5.3 and low tax obligations, the
financials of this property are as appealing as its physical
attributes. This property is not just a place but a potential
powerhouse of profitability.
Unit Size
-
Days on Market
26 days
Land Size
0.05 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$2,917
HOA Dues
-
Year Built
1931
Listed By
Last updated: 13 hours ago (OneKey MLS #ONE3541648)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 29, 2024 | Price Decreased |
$1,399,000
↓ $100K
(6.7%)
|
|
Price Decreased | |||
Apr 4, 2024 | Listed by Daniel Gale Sothebys Intl Rlty | $1,499,000 | |
Listed by Daniel Gale Sothebys Intl Rlty | |||
Aug 5, 2016 | Sold to 10218 Realty Llc | $1,340,000 | |
Sold to 10218 Realty Llc | |||
Sep 24, 2014 | Sold to Rsy Realty Corporation | $950,000 | |
Sold to Rsy Realty Corporation |
Property Highlights
Parking Details
Parking Features: None
Interior Details
Bathroom Information
Full Bathrooms: 5
Room 1
Level: First
Type: Retail Store
Room 2
Level: Second
Type: 2 two-bedroom units
Room 3
Level: Third
Type: 2 two-bedroom units
Room Information
Rooms: 14
Basement Information
Basement: None
Exterior Details
Property Information
Architectual Style: Other
Property Type: Residential Income
Property Sub Type: Multi Family
Year Built: 1931
Building Information
Building Area Units: Square Feet
Construction Methods: Brick
Lot Information
Lot Features: Near Public Transit
Lot Size Acres: 0.05
Lot Size Square Feet: 2078
Lot Size Dimensions: 25.02x83.05
Land Information
Water Source: Public
Water Source: Gas Stand Alone
Financial Details
Tax Annual Amount: $35,000
Utilities Details
Cooling: Yes
Heating: Natural Gas, Hot Water
Sewer : Sewer
Location Details
Directions: GPS
County or Parish: Queens
Other Details
Selling Agency Compensation: 2
On Market Date: 2024-04-04
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
8
Beds
4
Baths
-
$1,000,000
Jun 29, 2020
$1,000,000
Jun 2, 2021
$2,833/mo
Sold
Multifamily
8
Beds
3
Baths
-
$1,350,000
Dec 17, 2021
$1,350,000
May 25, 2022
$722/mo
Sold
Multifamily
8
Beds
3
Baths
-
$1,380,000
Mar 10, 2022
$1,380,000
Jun 21, 2022
$624/mo
Sold
Multifamily
8
Beds
7
Baths
-
$1,430,000
Sep 24, 2020
$1,430,000
Mar 18, 2021
-
Sold
Multifamily
8
Beds
2
Baths
-
$1,200,000
Mar 25, 2019
$1,200,000
Oct 21, 2019
$542/mo
Sold
Multifamily
7
Beds
3
Baths
-
$1,325,000
Mar 4, 2022
$1,325,000
Mar 7, 2022
$620/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/06/2023
|
|
8 Bed
|
5 Bath
|
-
|
$1,700,000
8 Bed
5 Bath
|
-
-
|
-
|
Meiying Lin
E Realty International Corp
|
01/04/2022
|
|
8 Bed
|
5 Bath
|
-
|
$1,680,000
8 Bed
5 Bath
|
-
-
|
-
|
Li Li
B Square Realty Inc
|
06/29/2020
|
|
8 Bed
|
4 Bath
|
-
|
$1,480,000
8 Bed
4 Bath
|
$1,000,000
-32.43%
06/02/2021
|
-
|
Jinfei Wu
E Realty International Corp
|
Building Info
102-18 37th Avenue
102-18 37th Avenue, Corona, NY 11368
- 5 Units
- 1 Unit for Sale