Description
Location, Location ,Location, Ideally located just steps to the 7 train (approx. 1 block), this well-positioned property sits in a vibrant commercial corridor with heavy foot traffic and excellent accessibility.Built 20X60 on a 25X100 lot, the property is currently configured as a two-family residence with tenants in place, offering immediate rental income. The upper level has been updated by occupants, while the lower level presents an excellent opportunity for renovation and value enhancement.Zoned R6B with C1-4 commercial overlay, this property offers exceptional potential for mixed-use redevelopment, retail conversion, or long-term hold. Ideal for investors or developers seeking to capitalize on strong rental demand and future growth.Surrounded by established businesses, restaurants, and close proximity to the Willets Point redevelopment area, further enhancing long-term upside.A rare opportunity to acquire a property with strong income potential and significant redevelopment possibilities in one of Queens' most active and rapidly evolving neighborhoods
Details
| MLS # | 983859 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 138 |
| Listing Provided By | Goldstone N Y Realty LLC | Yunzhong A. Sun |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,040 |
| Basement | Y |
| Units | 2 |
| Acreage | 0.06 |
Interior
| Cooling | None |
|---|---|
| Heating | Steam |
| Interior Features | First Floor Bedroom, First Floor Full Bath, High Ceilings |
Exterior
| Exterior Features | Garden |
|---|---|
| Construction Materials | Aluminum Siding, Brick |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
Utilities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Trash Collection Public, Water Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 52320 |
| Tax Annual Amount | 9299.62 |
| Tax Lot | 95 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Corona |
| Zip Code | 11368 |
| School District | Newtown High School |
| Elementary School | Ps 16 Nancy Debenedittis School |
| High School | Newtown High School |
| Listing VS Median (in 11368) | |
Price: $1,750,000 low | high Med: $1,020,000 sqft: 3,040 low | high Med: 1,490 $ / sqft: $576 low | high Med: $685 On site: 138 low | high Med: 196 | |
Market Activity 11368
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Corona |
| Zip Code | 11368 |
| School District | Newtown High School |
| Elementary School | Ps 16 Nancy Debenedittis School |
| High School | Newtown High School |
| Listing VS Median (in 11368) | |
Price: $1,750,000 low | high Med: $1,020,000 sqft: 3,040 low | high Med: 1,490 $ / sqft: $576 low | high Med: $685 On site: 138 low | high Med: 196 | |
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