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Listing Courtesy of Compass
$1,399,000
Est. payment /mo
12 Beds
6 Baths
4,800 SqFt
Active
33-49 106th Street Queens, NY 11368
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $291
Subdivision North Corona
MLS Listing ID RLS20107422
Style Gothic Revival,Walk-Up
Bedrooms 12
Full Baths 6
HOA Y/N Yes
Year Built 1933
Annual Tax Amount $21,441
Property Sub-Type Multi Family
Property Description
ATTENTION INVESTORS: Rare value-add opportunity in the heart of the "Crown of Queens." This is the ultimate high-yield play for those ready to move fast. 33-49 106th St is a commanding 3,600 sq ft masonry walk-up that perfectly captures the prestige of Corona's namesake. We are looking for an ALL-CASH buyer ready to seize a diamond in the rough.
This 1933 Late Gothic Revival gem stands three stories tall and features six residential units, each designed as a spacious 2-bedroom, 1-bathroom open-concept layout. The property sits on a 20.33' x 100' lot (Zoning R5, Property Class C1) and includes a massive bonus: a three-car garage located at 106-01 Gar 34th Ave. In a market where parking is gold, this is a massive secondary revenue stream or a major draw for future occupancy.
The building is being delivered with six tenants in place (Four are FREE MARKET and Two are RENT STABILIZED), offering immediate cash flow from day one. Does it need work? Yes. And that is exactly where your equity lives. This is a classic "fix and flip" or "buy and hold" project for an investor who understands how to unlock the massive potential of a solid pre-war structure in one of the most vibrant sections of Queens.
Opportunities with this much scale and upside do not last. Bring your contractor, bring your proof of funds, and claim your stake in the Crown of Queens before someone else does. All-cash deals only. Act now.
This 1933 Late Gothic Revival gem stands three stories tall and features six residential units, each designed as a spacious 2-bedroom, 1-bathroom open-concept layout. The property sits on a 20.33' x 100' lot (Zoning R5, Property Class C1) and includes a massive bonus: a three-car garage located at 106-01 Gar 34th Ave. In a market where parking is gold, this is a massive secondary revenue stream or a major draw for future occupancy.
The building is being delivered with six tenants in place (Four are FREE MARKET and Two are RENT STABILIZED), offering immediate cash flow from day one. Does it need work? Yes. And that is exactly where your equity lives. This is a classic "fix and flip" or "buy and hold" project for an investor who understands how to unlock the massive potential of a solid pre-war structure in one of the most vibrant sections of Queens.
Opportunities with this much scale and upside do not last. Bring your contractor, bring your proof of funds, and claim your stake in the Crown of Queens before someone else does. All-cash deals only. Act now.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Furnishings Unfurnished
Fireplace No
Laundry See Remarks
Exterior
Exterior Feature Private Outdoor Space Under 60 Sqft
Garage Spaces 2.0
Garage Description 2.0
View Y/N No
Private Pool No
Building
Dwelling Type Multi Family
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Ownership None
Monthly Total Fees $1, 786
Pets Allowed Building No, No
RLS Data display by New York (LondonFosterNY.com)
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