40-71 Junction Boulevard, Corona, NY 11368

$1,500,000 Asking Price

7 beds
4 baths
3,200  sqft
Built in 1931

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.

Features & Amenities

Interior

Basement:
Full
A/C:
false, None
Heating:
Natural Gas, Steam
Fireplace:
Fireplaces: 0

Exterior

Style:
Two Story
Parking:
None

Construction

General:
Two

Location

Originating MLS:
onekey
School District:
Queens 24
County:
Queens

Lot

Zoning:
01605-0040

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
onekey
Exclusions:
None

This listing courtesy of:
EXP Realty

About Corona, NY

Housing

Number of Units
32,446
Median Home Value
$660,895
Median Rent
$1,566

79.13% of housing units are renter occupied.

4.58% are vacant.

Commute

Car
20.13%
Public Transportation
59.14%
Walk to Work
9.98%
Work from Home
9.04%
Other
0.56%

The median travel time to work is 44 minutes.

People

Population
111,366
Median Age
34.10
Median Household Size
3.84

Education

High School
32.78%
Associate’s Degree
5.89%
Bachelor’s Degree
10.62%
Graduate Degree
2.93%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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