101-01 35th Avenue, Corona, NY 11368

• 2,360 sqft

Property Description

Prime corner retail property featuring a ground-floor store plus a fully renovated 3-bedroom, 1-bath residential apartment above. Each unit has its own separate heating system. The residential apartment has been completely renovated, including a brand-new kitchen and bathroom, along with new electrical and plumbing throughout. This is an excellent income-producing investment opportunity, ideal for a 1031 exchange, offering an attractive 6.5% cap rate. The retail tenant enjoys use of a three-car garage and is responsible for all real estate taxes, enhancing the property’s cash flow. Conveniently located just 0.5 miles from the 103rd Street–Roosevelt Avenue subway station. 1st Floor (Retail): 24.81 × 48.14 2nd Floor (Residential): 24.81 × 36.25 Additional unused FAR, offering future potential. A strong, turn-key investment.

Listing Status:

Active

Listing Office:

Rock Realty Inc : 718-478-4545

MLS ID:

944916

Interior

• Appliances: Gas Range
• Basement: Full
• A/C: None
• Heating: Natural Gas

Exterior

• Parking: DetachedGarageParking spaces: 3

Location

• Originating MLS: onekey2
• County: Queens

Lot

• Zoning: R5A01735-0028

Utilities

• Utilities: Electricity Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2

This listing courtesy of Rock Realty Inc