Mixed-Use Building in Corona, NY

37-56 103RD ST, CORONA, NEW YORK 11368

Executive Summary:

Price:	$6,500,000
Building Size:	9,331 SF
Property Type:	Mixed-Use
Lot Size:	0.09 Acres
Year Built:	2019
Cap Rate:	4.62%
NOI:	$300,000
Location:	37-56 103rd St, Corona, NY 11368

Investment Highlights

Retail & Multi-Family Building For Sale in Corona, NY
(6) 2-Bed, 1 Bath with Balcony & (2) Retail Spaces
(1) Retail Space on the Ground Floor & (1) Retail Space in the Basement
35 ft of Frontage on 103rd St
Newly Constructed (2019)
Surrounded by Various Other Neighborhood Retail
Close Proximity to the 103 St-Corona Plaza Subway Station

Investment Summary

American Investment Properties is retained to sell the building located at 37-56 103rd St, Corona. At this location is a mixed-use building with 6 multi-family units and 2 commercial units. The building was recently constructed in 2019 and is located in walking distance to several other neighborhood amenities.

About Corona, NY

Corona is within the New York City borough of Queens and is a neighborhood inside the former Township of Flushing. The neighborhood is part of Queens Community Board 4. The Border lying neighborhoods include Rego Park, College Point, Flushing, Forrest Hills, Elmhurst, East Elmhurst, Jackson Heights, Astoria and Woodside.

The Flushing Meadows Corona Park is the famous park in the neighborhood that was once a swamp and an ash dump, but now it’s the largest park in Queens and a great place to jog or to stretch your legs. There are also museums, sports, history, a zoo, and many more. Located within the park is Shea Stadium, home of the New York Mets, and the USTA National Tennis Center where tennis greats meet every August for the US Open. The park hosts several annual festivals, including the Colombian Independence Day Celebration (one of the largest Latino events in NYC) and the Dragon Boat Festival. The popular Lemon Ice King of Corona is still up and running which is located on the intersection of 108th Street and Corona Avenue.