102-18 37th Avenue, Flushing, NY 11368 | MLS 3541648 | Listing Information | Arash Real Estate - Mohsen Zandieh | MLSLI.com - Long Island Real Estate
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Arash Real Estate
Main Office:
718-279-0300
Mohsen@arashrealestate.com
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Arash Real Estate
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Main Office:
718-279-0300
Mohsen@
arashrealestate.com
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FOR SALE
$1,399,000

102-18 37th Avenue
Flushing, NY 11368

Multi-Family
Residential
8
Beds
5
Baths
0.05
Acre Lot
Courtesy: Daniel Gale Sothebys Intl Rlty, 516-627-4440
MLSLI> New York> Flushing> 11368
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.
3541648
Residential - Multi-Family, Other
8
5 Full
1931
Queens
0.05 Acres
Public
Brick
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Daniel Gale Sothebys Intl Rlty, 516-627-4440
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Information is deemed reliable but is not guaranteed.