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Corona Queens - Mixed-Use Buildings - 9.4%cap 3717-3719 108th St

14 Unit Block of Flats £2,367,000 (£169,071/Unit) 9.40% Net Initial Yield Corona, NY 11368

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Investment Highlights

2 contiguous 4 story mixed use buildings with 14 rent stabilized residential apartments and 2 commercial units.
Each commercial unit is slightly below grade with small elevator and handi-cap accesible platform lift.

Each apartment has its own boiler and HVAC unit, some units have a balcony.

Executive Summary

2 Contiguous Mixed-Use Buildings
37-17 & 37-19 108th Street, Corona, Queens, NY!

Property Highlights:
?? 2 Four Story Mixed-Use Buildings.
?? 14 Rent Stabilized Residential Units.
?? Two Ground Floors Commercial Units.
?? Square Footage: 15,068
?? Built in 2008
??Price Per Square Foot: $ 199

108TH STREET 3717-3719 (QUEENS) (2)

Offering Memorandum

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	£362,340	£24.05
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£362,340	£24.05
Taxes	£86,558	£5.74
Operating Expenses	£53,149	£3.53
Total Expenses	£139,707	£9.27
Net Operating Income	£222,634	£14.78

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	£362,340
Annual Per SF	£24.05

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£362,340
Annual Per SF	£24.05

Taxes
Annual	£86,558
Annual Per SF	£5.74

Operating Expenses
Annual	£53,149
Annual Per SF	£3.53

Total Expenses
Annual	£139,707
Annual Per SF	£9.27

Net Operating Income
Annual	£222,634
Annual Per SF	£14.78

Property Facts

Price	£2,367,000	Apartment Style	Mid Rise
Price Per Unit	£169,071	Building Class	B
Sale Type	Investment	Lot Size	0.11 AC
Net Initial Yield	9.40%	Building Size	15,068 SF
Gross Rent Multiplier	6.5	Average Occupancy	100%
No. Units	14	Number of Floors	4
Property Type	Residential	Year Built	2008
Property Subtype	Apartment

Price	£2,367,000
Price Per Unit	£169,071
Sale Type	Investment
Net Initial Yield	9.40%
Gross Rent Multiplier	6.5
No. Units	14
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	B
Lot Size	0.11 AC
Building Size	15,068 SF
Average Occupancy	100%
Number of Floors	4
Year Built	2008

Unit Amenities

Air Conditioning

Heating

Kitchen

Wheelchair Accessible (Rooms)

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
Studios	2	-	400 - 600
1+1	4	-	550
2+2	8	-	800

1 of 1

aerial
map

3717-3719 108th St, Corona, NY - aerial map view

Walk Score ®

Walker's Paradise (93)

Transit Score ®

Excellent Transit (84)

Bike Score ®

Very Bikeable (80)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers	Multiple 01777-0058 01777-0057	Total Assessment	£692,360
Land Assessment	£17,202	Annual Taxes	£86,558 (£5.74/sf)
Improvements Assessment	£675,158	Tax Year	2024