Listing Office: Charles Rutenberg Realty Inc
$10,000
closing credit¹
102-18 37th Ave Flushing, NY 11368
Property details
About 102-18 37th Ave
A mixed-use property presents an unmissable investment in the bustling heart of Corona, Flushing, NY. This robust brick building, blending commercial utility with residential charm, stands as a testament to strategic property. It features 1 retail unit currently occupied by a florist and 4 occupied residential units that are rent stabilized, each offering spacious 2-bedroom apartments. This mix ensures a steady flow of income from diverse sources. Proximity to the No. 7 Train Station makes this property a convenient living space for commuters and an attractive spot for retail business, driving foot traffic and tenant demand. With a cap rate higher than 5.3 and low tax obligations, the financials of this property are as appealing as its physical attributes. This property is not just a place but a potential powerhouse of profitability.
Highlights
Summary
- MLS Number: L3541648
- MLS Name: ONEKEY2
- Office Name: Daniel Gale Sothebys Intl Rlty
- Office Phone: (516) 627-4440
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Last updated on: 1/27/2025, 1:11:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,349,000
102-18 37th Ave
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
P.S. 280 Queens
Public District KG-5
0.2 mi
•3420 94th St
3
P.S. 19 Marino P. Jeantet School
Public District KG-5
0.3 mi
•9802 Roosevelt Ave
6
Pioneer Academy
Public District KG-5
0.3 mi
•4020 100th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,600. The most common annual income of people living in Flushing, NY is between $35k-100k. Most families are single, no kids. Most residents in this area have high school diploma education.
Similar homes for sale
This home is located at 102-18 37th Ave in Flushing, NY and zip code 11368 in the Northwestern Queens neighborhood. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 2, 2024 and is currently priced at $1,349,000.
In December 2024, from all listings sold in Flushing, NY there were more than 215 sold above asking price, over 736 sold below and more than 870 were sold right at the asked price. In December 2024 in Flushing, NY there were 8.6% less homes for sale than in November. In December 2024, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $853,573.