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.
Bedroom: 8 Full Bath: 5 Other: 1
Lot Size: 0.05 Lot Sq Ft: 2078 Garage: 0.0 Parking Facilities: None
Heat: Natural Gas, Hot Water Water: Public Sewer: Sewer
Taxes: $35,000
School District#: 11 Block: 1768 Lot: 12
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