Buy with Yoreevo
$948,550
List Price: $965,000
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99-11 42 Avenue
House in Corona •  building info
studio • 2,133ft² $452 per ft²
Buy with Yoreevo

$948,550

List Price

$965,000

Key Details
Days on market
2
Last price change
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Estimated payment
$6,988/mo
Taxes
Maintenance
N/A
Description
Prime Corona Investment Opportunity: Located in the heart of Corona, Queens, 99-11 42nd Avenue is a well-maintained, cash-flowing 6-family brick building perfect for savvy investors looking to maximize cash flow or execute a seamless 1031 exchange. The property features six residential units, consisting of five spacious 2-bedroom apartments and one comfortable 1-bedroom apartment, all configured with efficient, tenant-friendly layouts. Landlord overhead is kept low thanks to a total of 7 electric and 7 gas meters, providing separate utility ( cooking gas and Electric) setups for each individual unit so tenants pay their own expenses. The location is extremely convenient, situated just blocks from the 103rd St-Corona Plaza 7-train subway station, which offers a seamless commute directly into Midtown Manhattan and Long Island City. It's located in close proximity to a vibrant mix of local shopping, diverse dining options, community parks, and essential services ensuring a strong rental demand, making this a phenomenal income-generating asset to add to your real estate portfolio. With a gross annual revenue of $113,486 and a NOI of $62,982 after all expenses, this investment will allow you to cash flow immediately.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$965,000
Asking Price: $965,000
Term
30 Years
Down Payment
$96,000 (10%)
Min: 10% (96,000)
Rate
6.0 %
Mortgage Amount
$868,500
Mortgage Payment
$5,207
Taxes
$1,781
Estimated Yoreevo rebate
$16,450
Estimated closing cost
$27,000
Total monthly cost $6,988
Buy your dream home with us and get an estimated $16,450 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Keller Williams Landmark II

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