Log In/Sign Up
Your email has been sent.
The Corona Prime Five 35-25 109th St 5 Unit Apartment Building $2,727,116 CAD ($545,423 CAD/Unit) 6.36% Cap Rate Corona, NY 11368
Investment Highlights
- Prime Location – 5-minute walk to the 7 train, offering exceptional transportation convenience. •
- Newer Construction – modern building systems and low maintenance.
- Large Unit Layouts Throughout – each unit offers generous space and strong tenant appeal.
- Fully Occupied with Excellent Tenants – all tenants pay rent on time; consistent and reliable income stream.
Executive Summary
• Prime Corona Location – only 5 minutes’ walk to the 7 train; high-demand rental area.
• CO Issued in 2010 – modern construction with updated systems and strong compliance.
• All-Brick 5-Family – approx. 20×62 building on a 20×100 lot with 4,980 sq ft of living space.
• Each Unit 2BR/2BA – approx. 996 sq ft per unit; excellent layout and tenant appeal.
• Strong Investment Performance – net income over $118,988 annually after expenses.
• Very Low Property Tax – benefiting from a 10-year tax reduction, annual tax only $1,270.
• Turnkey & Easy to Rent – stable tenants, minimal maintenance, and consistently high demand.
• Asking Price: Only $1,999,0000 – rare opportunity for a newer construction multi-family in Corona.
• CO Issued in 2010 – modern construction with updated systems and strong compliance.
• All-Brick 5-Family – approx. 20×62 building on a 20×100 lot with 4,980 sq ft of living space.
• Each Unit 2BR/2BA – approx. 996 sq ft per unit; excellent layout and tenant appeal.
• Strong Investment Performance – net income over $118,988 annually after expenses.
• Very Low Property Tax – benefiting from a 10-year tax reduction, annual tax only $1,270.
• Turnkey & Easy to Rent – stable tenants, minimal maintenance, and consistently high demand.
• Asking Price: Only $1,999,0000 – rare opportunity for a newer construction multi-family in Corona.
Property Facts
| Price | $2,727,116 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $545,423 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.36% | Building Size | 4,980 SF |
| No. Units | 5 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | ||
| Zoning | R5 - low-density residential zoning district in Corona, Queens, permitting a mix of detached, semi-detached, and attached houses, as well as small apartment buildings. | ||
| Price | $2,727,116 CAD |
| Price Per Unit | $545,423 CAD |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 4,980 SF |
| No. Stories | 4 |
| Year Built | 2007 |
| Zoning | R5 - low-density residential zoning district in Corona, Queens, permitting a mix of detached, semi-detached, and attached houses, as well as small apartment buildings. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 5 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01753-0092 | Improvements Assessment | $473,568 CAD |
| Land Assessment | $64,330 CAD | Total Assessment | $537,898 CAD |
Property Taxes
Parcel Number
01753-0092
Land Assessment
$64,330 CAD
Improvements Assessment
$473,568 CAD
Total Assessment
$537,898 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
The Corona Prime Five | 35-25 109th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.