financial summary gross annual income: $76,200 less r.e ...€¦ · greiner maltz investment...
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For More Information, Please Contact Exclusive Agent:
Swain Weiner Maureen SantosPresident/Partner Associate646.319.1084 718.786.5050 ext. [email protected] [email protected]
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