This well-maintained mixed-use investment property offers strong and stable cash flow in a highly convenient neighborhood near public transportation, retail, and dining. The property consists of one medical office on the ground floor and seven residential units, along with additional rooftop lease income, providing diversified income streams for investors. The… Read More building layout includes a medical office and one 1-bedroom unit with a large backyard on the first floor, followed by six additional one-bedroom apartments across the second, third, and fourth floors. Each residential floor contains two well-configured 1-bedroom units, making the building efficient to manage and highly rentable in this demand-driven Queens location. The property generates approximately $207,000 in annual gross operating income, with estimated operating expenses of about $26,000, resulting in an attractive Net Operating Income (NOI) of approximately $181,000 annually. Situated between Corona and Flushing, the property benefits from strong rental demand, proximity to major transportation routes, neighborhood retail corridors, and easy access to Manhattan. This is an excellent opportunity for investors seeking a stable income-producing property with upside potential in one of Queens’ most active rental markets. Read Less
Listing Courtesy of Lin Pan Realty Group LLC, 646-785-1699.
Listing Snapshot
Days Online
30
Last Updated
Property Type
Multi Family
Lot Size
0.06 Acres
Year Built
2012
Property Tax
$11,329
MLS Number
972195
30 Days Snapshot Of 11368
$360k
+7%
(avg) sold price
2
-75%
homes sold
164
-18%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: "Finished", "Full"
Building
Building Area: 6495, Construction Materials: "Brick", Year Built: 2012
Cooling
Details: "Wall/Window Unit(s)"
Heating
Heating: "Natural Gas"
Lot
Acres: 0.0574, Size: 2500
Property
Zoning: R6B
Utilities
Sewer: "Public Sewer", Water Source: "Public", Utilities: "Electricity Connected", "Natural Gas Connected", "Sewer Connected", "Trash Collection Public", "Water Connected"
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The data relating to real estate for sale on this website comes courtesy of ONEKEY as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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