Queens NY, 11368
$1,500,000
Misc
For Sale
7 Beds
, 4 Full Bath
, 3200 SqFt
Details
ML#: 3589301
- # of Families: 4
- Year Built: 1931
- Taxes: $13,869
- Status:Active
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.
More Property Details
Bedroom: 7
Full Bath: 4
Other: 4
Lot Sq Ft: 2000
Approx. Int. Sq. Ft.: 3200.00
Parking Facilities: None
Heat: Natural Gas, Steam
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $13,869
School District: Queens24
Block: 1605
Lot: 40
Listing Information provided courtesy of
EXP Realty
888-276-0630