Relatively young multi family building in the heart of Corona. This building consists of 6 units in total. it has 2 one bed rooms, 2 two bedrooms, 1 four bedroom with two baths a stationary store on the first floor and a full finished basement. The total rent roll is 19,799. Expenses are approximately 2,050 per month. The building is rent stabilized for the next 14 years due to an abatement given when building was constructed. Based on current NOI the cap rate is approximately 7%. This building Is Ideal if you don't drive because its one block from the number 7 train that takes you into the city. Walking distance to shopping makes it a haven for a good rental property.
104-29 Roosevelt, Corona, NY, 11368
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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