Prime Investment Opportunity MultiFamily at 110-06 56th Avenue
$1,180,000
110-06 56th Avenue, Corona, NY 11368
4,278 SF
Square Feet
$276
PPSF
3.75%
CAP
Property Description
NOI
$44,200
Cap Rate
3.75%
Prime Investment Opportunity! This exceptionally well-maintained 6-family building is a turnkey income-producer. Each unit offers 1 bed / 1 bath with tenants paying their own electricity—minimizing your overhead. Standout features include a private parking spot and a rare Medical C/O on the lower level, adding immense value and versatile rental potential. Perfectly situated near the Q58, dining, and shopping. Secure your stable return in a high-demand location today!
Property Details
Asset Type
MultiFamily
Year Built
1972
Zoning
R6B
Lot Size
2,219 SF
Neighborhood
Corona
Submarket
Corona
ZIP
11368
Listing Type
sale
Net Operating Income (NOI)
$70,123
Debt Service Coverage Ratio (DSCR)
1.04x
Cap Rate
5.94%
Cash Flow (Annual)
$2,998
Cash-on-Cash Return
1.02%
Monthly Debt Service
$5,594
Annual Debt Service
$67,126
View on Map
Address
110-06 56th Avenue
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Corona MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.