40-15 102nd Street

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40-15 102nd Street

Corona, NY 11368
Asking Price
$999K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Corona
  • Property features six distinct residential units on site
  • Investment priced at nine hundred ninety-nine thousand dollars
  • Asset situated within a dense and established Queens neighborhood
  • Residential building suitable for long-term income strategy

What's Special

Corona functions as a densely populated and culturally vibrant residential submarket within the borough of Queens. This neighborhood benefits from proximity to major transportation arteries and institutional hubs, maintaining consistent demand for rental housing across the local market. The property at 40-15 102nd Street represents an opportunity to acquire a multifamily apartment building in this established New York City location. Currently configured as a six-unit asset, the building serves as a practical addition to an investment portfolio focused on residential income generation in a high-density urban environment. Potential owners can utilize this site to provide housing options within a sector of the city that remains historically resilient. The configuration allows for stable operations, catering to the ongoing need for rental inventory in the Queens area.

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NOI
$80,000
Cap Rate
8.01%
DSCR
1.35
Strong
Cash-on-Cash
6.90%
Monthly Payment
$4,942.507
Annual Cash Flow
$20,689.917

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