Description
Welcome to 5507-103 Street, a rare and expansive legal mixed-use property in the heart of vibrant Corona, Queens. This fully tenant-occupied income-generating building features a front and rear structure.gross annual rental income of $143,100, and an estimated cap rate over 6%. Set on a 3,155 sq ft lot with 4,250 sq ft of total building space, thisproperty is perfect for savvy investors seeking both stability and growth potential. The property includes low annual taxes of $14,637. Each unitenjoys natural light and functional layouts, with high rental demand in the area ensuring low vacancy rates year-round. Perfectly situated nearthe 7 Subway Line and LIRR, this property offers direct access to Manhattan and Long Island, making it a commuter’s dream. Just minutes fromsupermarkets, restaurants, schools, and professional offices, it sits in a peaceful enclave while enjoying the best of urban convenience. Thislocation is particularly attractive for renters, with high walkability and thriving neighborhood amenities.
Details
| MLS # | 853259 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 517 |
| Listing Provided By | United Real Estate Fortune | Yincheng Wu ABR PSA RENE |
Features
| SQ Feet | 4,250 |
|---|---|
| Units | 4 |
| Acreage | 0.07 |
Interior
| Cooling | Electric |
|---|---|
| Heating | Hot Water |
| Interior Features | High Speed Internet |
Exterior
| Construction Materials | Block |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 362250 |
| Tax Annual Amount | 14642.12 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Corona |
| Zip Code | 11368 |
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Corona |
| Zip Code | 11368 |
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