financial summary gross annual income: $76,200 less r.e ...€¦ · greiner maltz investment...

For More Information, Please Contact Exclusive Agent:

Swain Weiner Maureen SantosPresident/Partner Associate646.319.1084 718.786.5050 ext. 202sweiner@gmipny.com msantos@gmipny.com

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footagesand uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon theseestimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OFINCOME, AND ALL OTHER INFORMATION HEREIN.

Greiner Maltz Investment Properties24-09 38th Avenue

2nd FloorLong Island City, NY 11101

718.786.5050www.greinermaltz.com

PRIME MIXED-USE BUILDING FOR SALE

IN CORONA

Property Information:

Block/Lot: 1768/51

Lot Dimensions: 25’ x 89’

Lot SF: 2,213

Building Dimensions: 25’ x 50’

Stories: 2

Total Building SF: 2,400

Zoning: R6B, C1-4

F.A.R: 2.00

Assessment (17/18): $568,000

R.E. Taxes (17/18): $3,772

DESCRIPTION

The subject property is a two story mixed-use buildinglocated on 103rd Street between 37th and 39th Avenuesin Corona. This is a major shopping area withtremendous foot traffic. The subject property contains1 retail space and two apartment units [one (3)bedroom and one (1) bedroom]. It is 1.5 blocks awayfrom the 7 subway line at 103rd Street – Corona Plazastation and serviced by Q23 bus line. This is an excellentopportunity for an owner, user and/or investor.

ASKING PRICE: $1,650,000

37-86 103rd Street, Corona, NY 11368

Aerial View

Transit Map

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildablefootages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependentupon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLYVERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

NEIGHBORHOOD INFORMATION

37-86 103rd Street Corona, NY 11368

FINANCIAL INFORMATION

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildablefootages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependentupon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLYVERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

REVENUE:

Unit LXP Size Monthly Rent Annual Rent

Retail 11/1/2024 1,250 SF $3,700 $44,400

Apt. 1 M/M 3 BR; 1 BA $1,450 $17,400

Apt. 2 M/M 1 BR; 1 BA $1,200 $14,400

$6,350 $76,200Total

37-86 103rd Street Corona, NY 11368

ESTIMATED EXPENSES

Real Estate Taxes (17/18): $3,772

Gas: $3,700

Insurance: $3,000

Electric (Common): $700

Repairs & Maintenance: $1,500

Water/Sewer: $2,000

Total: $14,672

FINANCIAL SUMMARY

Gross Annual Income: $76,200

Less R.E. Taxes: $3,772

Less Operating Expenses: $10,900

Net Operating Income: $61,528

Bus Map

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildablefootages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependentupon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLYVERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

OTHER DOCUMENT/S

Certificate of Occupancy

37-86 103rd Street Corona, NY 11368

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildablefootages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependentupon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLYVERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

OTHER DOCUMENT/S

Certificate of Occupancy

37-86 103rd Street Corona, NY 11368