10112 46th Ave - 35 Units
35-unit Class A apartment building in Corona, Queens, offered at $6,750,000 at a 6.39% cap ($431,341 NOI). The stabilized asset comprises 22 one-bedroom units, 9 two-bedroom units, and 4 studios, generating $689,766 in gross annual income with operating expenses of $258,425.
Built in 1920 and standing four stories, the 32,028 SF building sits on a 35,000 SF lot zoned for multifamily use. The property is fully occupied and positioned as a core income-producing investment for buyers seeking steady cash flow in an established Queens neighborhood.
- 35 units: 22 one-bedroom, 9 two-bedroom, 4 studio
- $431,341 NOI; 6.39% cap rate
- Gross annual income $689,766
- Four-story Class A building built 1920
- Stabilized, fully occupied multifamily asset
More property details
Location
101-12 46th Avenue, Corona, NY 11368 presents an excellent multifamily investment opportunity featuring a 35-unit apartment building comprised of 22 one-bedroom units, 9 two-bedroom units, and 4 studio apartments. The property generates a gross annual income of $689,766, with operating expenses of $258,425, resulting in a strong Net Operating Income (NOI) of $432,341, making it an attractive income-producing asset for investors.