104-37 37th Road, Corona, NY 11368
- $1,788,000
- 11
- BD
- 7
- BA
- List Price
- $1,788,000
- Price Change
- ▼ $100,000 1783024069
- Days on Market
- 155
- MLS#
- 965014
- Status
- ACTIVE
- Bedrooms
- 11
- Bathrooms
- 7
- Lot Size
- 2217
Property Description
Excellent investment opportunity in the heart of Corona, Queens! This 2004-built, well-maintained 4-family property offers approximately 4,480 SF of total building area, with each floor approximately 1,120 SF, and strong, stable rental income. The property consists of 4 residential units: • 1 Two-Bedroom / 1 Bath unit • 3 Three-Bedroom / 2 Bath units Additionally, the basement is fully finished. Total rental income is $11,200/month, approximately $134,400/year. All tenants are long-term, stable, and well-qualified. Property comes with 5 years remaining on tax abatement, significantly reducing carrying costs. Current property tax is $150/month, or $1,800/year. Water expense is $1,350 every 3 months, and garbage expense is $200/month. Tenants pay their own electricity and gas; landlord is responsible for water, property tax, and garbage only, keeping operating expenses low. Conveniently located just 5 minutes’ walk to the 7 Train station, offering easy access to Flushing and Manhattan. Close to shopping, schools, and neighborhood amenities. This is a turnkey investment — sold with all tenants in place as a package deal, as-is. No vacancies. Ideal for investors seeking immediate cash flow and long-term appreciation. A rare high-income-producing 4-family opportunity in Corona — don’t miss it!
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Additional Information
- Year Built
- 2004
- School District
- Queens24
- Elementary School
- Ps 143 Louis Armstrong
- Middle School
- Is 61 Leonardo Da Vinci
- High School
- Voyages Preparatory
- Taxes Total
- 1800
- Heating
- Electric, Natural Gas
- Parking
- Driveway, Garage
- Basement
- Finished, Full, Walk-Out Access
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $1,800
Mortgage Calculator
Listing courtesy of Listing Agent: Lei Qiu (am1380marco@yahoo.com) from Listing Office: Chase Global Realty Corp.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . 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.