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Description

Welcome to 108-40 51st Ave., an ideal investmentproperty in the heart of Corona, NY. This two-story building with Five to Six Families (C2) classification offers 4,444 Sqft. of living space and a generous 50 ft x 100 ft lot (5,000 Sqft). With R5 zoning and a favorable FAR of .89, there's excellent potential for development and increased returns. Stable rental income and reasonable property taxes of $13,965 add to its appeal.

Listing Details

  • Cap Rate

    3.96%

  • Space Type

    multifamily

  • Sub Category

    apartments-building

  • Date Listed

    12/16/2025

  • Net Operating Income

    $65,300

Property Specifics

  • Property Name

    108-40 51st Ave

  • Property Class

    C

  • No of Stories

    2

  • No of Units

    3

  • Building Size

    4,444 SF

  • Lot Size

    5,000 SF

  • Zoning

    R5