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$1,349,000

Est. payment - /mo

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8 Beds

5 Baths

Active

102-18 37th AVE Flushing, NY 11368

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Christine DeHart

Salmon Real Estate

christine@salmonrealestate.com +1(718) 273-1200

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID L3541648

Style Other

Bedrooms 8

Full Baths 5

HOA Y/N No

Rental Info No

Year Built 1931

Annual Tax Amount $35,000

Lot Dimensions 25.02x83.05

Property Sub-Type Quadruplex

Source onekey2

Property Description

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.

Location

State NY

County Queens

Rooms

Basement None

Interior

Heating Hot Water, Natural Gas

Fireplace No

Exterior

Parking Features None

Private Pool No

Building

Lot Description Near Public Transit, Near Shops

Water Public

Structure Type Brick

Schools

Middle Schools Corona Arts And Sciences Academy

High Schools Newtown High School

Others

Senior Community No

Special Listing Condition None

Listed by Daniel Gale Sothebys Intl Rlty

Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.

Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.

If you're interested in this listing and would like to learn more, just drop us your name info here and we'll get straight back with you to discuss it. We look forward to speaking with you.

+1(718) 273-1200

christine@salmonrealestate.com

1855 Victory Blvd, Island, NY, 10314, United States