Contacts
Michael A. Tortorici
Ariel Property Advisors
(212) 544-9500
Alexander Taic
Ariel Property Advisors
(212) 544-9500 x 44
Shimon Shkury
Ariel Property Advisors
(212) 544-9500 x 11
Victor Sozio
Ariel Property Advisors
(215) 544-9500
Property Details
- Property Type Multi-Family
- Property Size 11,108 SF
- Lot Size 0.09 Acre
- Year Built 1925
- Date Updated Aug 25, 2020
Ariel Property Advisors presents 35-12 99th Street, a four story, 35’ wide walk-up building located between 35th Avenue and 37th Avenue in Corona, Queens.
The 11,108 gross square feet building contains 16 residential units with an average of 705 square feet per unit. The unit mix consists of 13 one-bedroom and 3 two-bedroom apartments. There is 1 free market unit and the remaining 15 units are all rent stabilized, with 9 of them having preferential rent status. There is significant near-term upside via preferential rents that could be utilized in the future and the property features an antenna that brings in addtional income.
The multifamily building is conveniently located in the heart of Corona, Queens. The vibrant retail corridor along Junction Boulevard is a short walk from 99th Street and home to GameStop, RiteAid, Chase Bank and Food Bazaar Supermarket. The area also offers multiple eateries such as McDonald's, Subway, Taco Bell and Baskin Robbins. At the corner of Junction Boulevard and Roosevelt Avenue is the 7 train subway stop offering access to Manhattan as well throughout Queens.
35-12 99th Street presents investors with an opportunity to acquire a well-maintained property with strong cash flow and near-term upside.
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Getting around
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95/100
Walk Score ®
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88/100
Transit Score ®
-
81/100
Bike Score ®
Location
- City Corona, NY
- Neighborhood Corona
- Zip Code 11368
- Market Queens
Points of Interest
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103rd Street–Corona Plaza
0.20 miles
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111th Street
0.40 miles
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Junction Boulevard
0.43 miles
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90th Street–Elmhurst Avenue
0.79 miles
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Mets–Willets Point
0.91 miles
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82nd Street–Jackson Heights
1.17 miles
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Elmhurst Avenue
1.21 miles
-
Grand Avenue–Newtown
1.31 miles
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Woodhaven Boulevard
1.39 miles
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74th Street–Broadway
1.54 miles
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Speedway
0.52 miles
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BP
0.53 miles
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Gulf
0.80 miles
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Gulf
0.85 miles
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Shell
1.03 miles
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BP
1.15 miles
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Mobil
1.17 miles
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Gulf
1.21 miles
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Sunoco
1.26 miles
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Mobil
1.27 miles
-
Bus Parking
0.73 miles
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Xtell Parking
0.92 miles
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For-Hire Vehicle Holding Lot LGA Airport
1.17 miles
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Daily Parking - Terminal C
1.19 miles
-
Lot D
1.24 miles
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Airpark
1.32 miles
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Terminal B Parking Garage
1.54 miles
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Flushing #2 Municipal Parking Field
1.69 miles
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P7
1.71 miles
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Terminal A Parking
1.79 miles
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SpringHill Suites Marriott
0.48 miles
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Corona Hotel
0.48 miles
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Holiday Inn
0.49 miles
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Flushing Meadows hotel
0.49 miles
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LaGuardia Plaza Hotel
1.02 miles
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Hampton Inn LaGuardia
1.09 miles
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New York LaGuardia Airport Marriott
1.15 miles
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Elmhurst Hotel
1.20 miles
-
Holiday Inn Express
1.20 miles
-
l
1.25 miles
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Key Food
0.10 miles
-
City Fresh
0.16 miles
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Sea Town Fish & Farmers Market
0.19 miles
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Stop I Market
0.21 miles
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Mi Tierra
0.25 miles
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Fine Fair
0.33 miles
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C‑Town Supermarkets
0.36 miles
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Pioneer Supermarket
0.39 miles
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Key Food
0.51 miles
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Food Bazaar Supermarkets
0.52 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
