About This Home
This 16-bedroom, 9-bathroom multi-family at 112 38ave in Corona, NY is listed for $2,680,000. Built in 2006, on a N/A lot.
Key Features
- Built in 2006
Property Details
Amenities
Located approximately five minutes from the subway, this legal eight-family property offers strong rental income and excellent long-term investment potential. Property Highlights: Legal 8-family building, Solid brick construction, built in 2006 Four stories Approximately 6,424 sq.
ft. of building area Approximately 22 * 73 ft. building dimensions Approximately 25 ft. lot frontage Each apartment features approximately 2 bedrooms and 1 bathroom Approximately 16 bedrooms and 9 bathrooms in total Full finished basement Backyard parking for approximately four vehicles Approximately six years remaining on the property-tax abatemen
t Current total rental income: approximately $235,000 per year - Tenants pay all utilities and expenses - Easy-to-maintain all-brick construction - Approximately five minutes from the subway An excellent opportunity for long-term rental income, portfolio expansion, or a 1031 Exchange.
Monthly Cost Estimate
$14,333/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
112 38ave
Corona, NY 11368
Features & Amenities
Interior Features
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 16-bedroom, 9-bathroom multi-family at 112 38ave is listed at $2,680,000. The estimated monthly payment is $14,334 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 2006. Interior Features: Original Details.
This property is listed by Li H. Xu and can be reached at 6462443092.