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5614 Van Cleef St
Corona, NY 11368 Corona

$3,500,000

Apartments For Sale  •  5,411 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 5,411 Sq Ft
  • Lot Size 0.06 ac
  • Building Class B
  • Year Built 2016
  • Cap Rate 5.40 %
  • Zoning R6B
75 Transit Score
90 Walk Score

Description

For Sale: Four-story, 7-family building.  The building consists of four 1-bedrooms, two 2-bedroom duplexes, and one 3-bedroom apartment.  Fully occupied.
This is a new construction building, with a 15-year tax abatement!  Amenities include remote video surveillance, coin operated washer and dryer, all separate utility meters, high-quality materials and construction. 
The property is fully occupied and income generating.  Upside: abated, slightly below market rents, low-maintenance, experienced developer.  Excellent product.
$3,600,000, price change 3,500,000
Call exclusive broker for closing details.
No Mortgage Contingency, Not subject to appraisal, Clear title.

Financial Summary

Cap Rate: 5.40 %

Amenities

  • Air Conditioning
  • Dishwasher
  • Stainless Steel Appliances

Public Transportation

Commuter RailDriveWalkDistance
Forest Hills Station Commuter Rail (Long Beach Branch, Port Jefferson Branch, Hempstead Branch, Babylon Branch) 5 min - 1.6 mi
Mets-Willets Point Station Commuter Rail (Port Washington Branch) 7 min - 2.3 mi
Hena Choung 646-416-1174 Chase Global Realty
Hena Choung 646-416-1174 Chase Global Realty