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24 photos
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$1,500,000
Est. payment /mo
7 Beds
4 Baths
3,200 SqFt
UPDATED:
12/04/2024 10:57 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $468
MLS Listing ID KEYL3589301
Bedrooms 7
Full Baths 4
Originating Board onekey2
Rental Info No
Year Built 1931
Annual Tax Amount $13,869
Lot Dimensions 20x100
Property Description
EXP Realty has retained the exclusive to present 40-71 Junction Boulevard, Corona Queens for Sale. Building size is a large 20 X 80, 3200 sqft and Lot is 20 X 100, 2000 sqft, Zoning R6B. This legal 4 family attached red-colored brick property is westward-facing that sits on an extremely active high pedestrian and vehicle area on Junction Boulevard. The property stands 2 stories consisting of 4 apartments of which all are occupied. 1F is about 450 sqft, 1 bedroom 1 bath and 1R, 2F,2R are about 800 sqft, 2 bedroom and 1 bathroom. Total annual rent is $89K. Annual taxes are $13K, and with its heat, insurance, water and sewage, total expenses are $27K. For further income, renting the basement as storage to the countless businesses in the area or basement can be converted into a commercial store. Property has been well maintained without any need for major repairs. Boiler is 10 years and water tank is 3 years. There are No HPD or DOB violations which demonstrate non-problematic tenants. The 7 train is a 5 minute walk to Junction Boulevard Station. This property is an incredibly rare investment on a bustling and appreciating area of Corona Queens. We have pictures and virtual tours of all apartments with complete financials are available upon request.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Natural Gas, Steam
Cooling None
Fireplace No
Exterior
Parking Features None
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Schools
Middle Schools Civic Leadership Academy
High Schools Aviation Career And Tech High School
School District Queens24
Others
Senior Community No
Special Listing Condition None
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Listed by EXP Realty
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