109-01 34th Avenue, Corona, NY, 11368 | $3,880,000

An exceptional mixed-use investment opportunity in the heart of Corona! This well-maintained income-producing property features 10 residential apartments, each offering 2 bedrooms and 1 full bathroom, plus 1 ground-floor commercial unit, providing a strong and diversified rental income stream. The building offers approximately 8, 046 SF of residential space, 1, 238 SF of commercial space, and an additional 5, 831 SF of usable space, creating outstanding long-term value and operational flexibility. A rare feature in this neighborhood, the property also includes a private driveway and an underground garage with approximately 20 parking spaces, providing significant convenience and additional income potential. Ideally situated in a highly accessible location, the property is just minutes from the 111 Street, 103 Street-Corona Plaza, and Junction Boulevard 7 subway stations, as well as the Mets–Willets Point LIRR Station, offering an easy commute to Manhattan and throughout Long Island. Multiple MTA bus routes serve the immediate area, including the Q23, Q48, Q58, Q66, and Q72, making transportation exceptionally convenient. Residents and tenants will also appreciate quick access to the Grand Central Parkway, Long Island Expressway (I-495), Van Wyck Expressway (I-678), and Northern Boulevard for effortless travel throughout Queens, Manhattan, Long Island, and nearby airports. Located within NYC School District 24, the property enjoys close proximity to schools, neighborhood shopping, supermarkets, restaurants, parks, Flushing Meadows-Corona Park, Citi Field, the USTA Billie Jean King National Tennis Center, and countless everyday conveniences. Whether you're expanding your investment portfolio or completing a 1031 exchange, this is a rare opportunity to acquire a substantial mixed-use asset with excellent income potential in one of Queens' most vibrant and transit-oriented neighborhoods.

Features

  • Property Type: Multi Family
  • Construction: Brick
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Parking: Driveway, Garage, Private
  • Heating: Natural Gas
  • Cooling: Multi Units, Wall/Window Unit(s)
  • Units: 11
  • Year Built: 2019
  • Acreage: 0.16
  • Est. Taxes: $146,345
  • Elem. School: HELEN M MARSHALL SCHOOL (grades KG-5)
  • Middle School: Is 61 Leonardo Da Vinci
  • High School: High School For Arts & Business
  • School District: Queens24
  • Appliances: Cooktop, Oven, Refrigerator
  • MLS#: 1026620
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/1026620/1090134thavenue_corona_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Skylux Realty Inc   Phone: 718-500-2231

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
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  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

109-01 34th Avenue, Corona, NY, 11368

$3,880,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,104,000 $3,104,000 $3,104,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 6.110% 5.932%
Monthly Tax Payment $12,195 $12,195 $12,195
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $17,140 $18,610 $25,776
Total Monthly Payment $29,460 $30,930 $38,096

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.