10018 40th Rd 10 Unit Apartment Building $4,692,631 CAD ($469,263 CAD/Unit) Corona, NY 11368
INVESTMENT HIGHLIGHTS
- 7 Family + 3 Doctor office
- 1 Min to 7 train
- Low Property Tax - 10 years remaining on tax abatement
EXECUTIVE SUMMARY
Highly desirable Mixed-Use Property featuring 7 residential units and 3 medical offices, offering stable rental income and excellent investment potential. Located in one of Queens’ most high-demand neighborhoods, this property is ideal for investors seeking strong cash flow and long-term appreciation. Situated just two blocks from the 7 train, residents and tenants enjoy easy access to public transportation, making commuting to Manhattan and other parts of the city quick and convenient. The property is also close to Roosevelt Avenue and shopping area, surrounded by restaurants, cafes, and local businesses.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $4,692,631 CAD |
| Price Per Unit | $469,263 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,556 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2006 |
| Parking Ratio | 0.92/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Heating
- Security System
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Oven
- Views
- Wi-Fi
- Basement
- Dining Room
- Family Room
- Handrails
- Office
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Security System
- Gated
- Trash Pickup - Curbside
- Wi-Fi
- Storage Space
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 8,195 |
1 of 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (89)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 01610-0050 | Total Assessment | $546,794 CAD |
| Land Assessment | $7,317 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $539,478 CAD | Tax Year | 2024 |
ZONING
| Zoning Code | R6B |
