Description

Calling All Investors, Developers, & End-Users!!! 3 Unit Free Market Mixed-Use Building In Corona For Sale!!! The Property Features Excellent Signage, Great Exposure, (2) Free Market Apartments, Strong R6B Zoning, High Ceilings, Separate Meters, Skylight, 6 Parking Spaces, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Corona Just Off The I-495 (LIE) & Grand Central Parkway 1 Block From The Queens The Queens Zoo & Just Minutes From Queens Center!!! Neighbors Include Petco, Mobil, Dunkin’ Walgreens, 7-Eleven, Maaco Auto Body Shop, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: 99 Cent Store + Full LL (4, 080 Sqft.): $66, 499.32 Ann.; Lease Exp.: 2027 2nd Floor Apt. (3 Br., 1 Bath; 1, 600 Sqft.): $48, 360 Ann. 3rd Floor Apt. (2 Br., 1 Bath;1, 600 Sqft.): $39, 600 Ann. Pro Forma Gross Income: $154, 459.32 Ann. Expenses: Gas: $0 Ann. Electric: $960 Ann. (Hallway Only) Maintenance & Repairs: $250 Ann. Insurance: $6, 820 Ann. Taxes: $44, 375.20 Ann. Water & Sewer: $5, 778.53 Ann. Total Expenses: $58, 183.73 Ann. Net Operating Income (NOI): $96, 275.59 Ann.