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Welcome to 5507-103 Street, a rare and expansive legal mixed-use property in the heart of vibrant Corona, Queens. This fully tenant-occupied income-generating building features a front and rear structure with a total of 1 commercial unit and 5 residential units, offering an impressive gross annual rental income of $143,100, and an estimated cap rate over 6%. Set on a 3,155 sq ft lot with 4,250 sq ft of total building space, this property is perfect for savvy investors seeking both stability and growth potential. The property includes low annual taxes of $14,637. Each unit enjoys natural light and functional layouts, with high rental demand in the area ensuring low vacancy rates year-round. Perfectly situated near the 7 Subway Line and LIRR, this property offers direct access to Manhattan and Long Island, making it a commuter's dream. Just minutes from supermarkets, restaurants, schools, and professional offices, it sits in a peaceful enclave while enjoying the best of urban convenience. This location is particularly attractive for renters, with high walkability and thriving neighborhood amenities.
| DAYS ON MARKET | 1 | LAST UPDATED | 4/20/2025 |
|---|---|---|---|
| YEAR BUILT | 1931 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Brick |
| HEAT | Hot Water |
| LOT | 3154 sq ft |
| SEWER | Public Sewer |
| TAXES | 14642.12 |
| UTILITIES | Natural Gas Available, Cable Available, Electricity Available, Sewer Available, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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