About This Home
This 0-bedroom, 0-bathroom commercial at 9601 Northern Boulevard in Corona, NY is listed for $4,299,000. Built in 1929, on a 0.09 acres lot.
Key Features
- Built in 1929
- 0.09 acre lot
Property Details
Amenities
Rare opportunity to acquire a high-performing income-producing asset with exceptional redevelopment potential on Northern Boulevard in the heart of Corona, Queens. The property includes a well-established laundromat generating approximately $600,000 in annual gross revenue and is currently operated under absentee ownership, offering immediate cash flow with significant upside for an owner-operator or experienced investor.
The business presents substantial value-add opportunities through operational improvements, equipment upgrades, expanded wash-and-fold or pickup/delivery services, and extended operating hours, providing the potential to further increase revenue and profitability.
In addition to the existing income stream, the property offers approximately 12,000+/- square feet of additional buildable area (subject to purchaser's independent verification of zoning and development potential), making it an attractive opportunity for developers, builders, and long-term investors seeking future expansion or redevelopment.
Monthly Cost Estimate
$22,992/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
9601 Northern Boulevard
Corona, NY 11368
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 9601 Northern Boulevard is listed at $4,299,000. The estimated monthly payment is $22,992 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1929, 0.09 acre lot.
This property is listed by Avnish Kumar and can be reached at 9179579969.
