37-29 104th St

Ariel Property Advisors is pleased to present 37-29 104th Street, a 4-story mixed use walk-up building located on the corner of 104th Street and 37th Road in Corona, Queens.

The 50’ wide and 13,370 square foot building has 18 residential units and 2 commercial units. The residential unit mix is 10 one-bedroom apartments and 8 two-bedroom apartments. All of the units are occupied and rent stabilized. The commercial units are both occupied as well, with Altgracia Garcia having a lease until 2023 and Apple Valley Deli Corp having a lease until 2028. There is also additional income generated from an antenna lease with T-Mobile.

The multifamily building is conveniently located in the heart of Corona, Queens. Roosevelt Avenue is a short walk from the building and offers plenty of retail options and transportation. The 7-train can be accessed at 111th Street offering access to Manhattan and the Q48 bus runs along Roosevelt Avenue serving the immediate neighborhood as well. The area is also home to C-Town Supermarket, Blink Fitness and other neighborhood destinations such as the Louis Armstrong House Museum and Louis Armstrong Park.

37-29 104th Street presents investors with an opportunity to acquire a well-maintained property with strong cash flow and low vacancy.