103-01 37th Avenue, Corona, NY 11368

3 Photos
 
Auction
$1,625,000 Estimated Value
In Contract on 3/12/2024
 
Listing ID 11255034
Property Type Commercial Building
County Queens
Township Corona
Total Tax $21,352
Tax ID 01745-0032
FEMA Flood Map fema.gov/portal
Year Built 1930
Virtual Tour

Bankruptcy Auction Sale of Mixed-Use Property

This mixed-use property sells via online auction on Thursday, March 14, 2023 @ 11:00 a.m. (EST). The auction sale will be conducted using the Zoom platform. Only bidders who qualify to bid on the property pursuant to the Terms and Conditions of Sale will receive a link to participate in the sale. To qualify to bid on the property, by Tuesday, March 12, 2023 @ 5:00 p.m. (EST), each prospective bidder must: (i) tender to the auctioneer the completed Registration Form; (ii) tender to the auctioneer the signed Terms & Conditions of Sale' and (iii) tender to the auctioneer the required deposit which is a cashier's check in the amount of $162,500 made payable to "Richard J. McCord as Trustee". The opening bid for the property at the auction sale is $1,625,000. Please contact the broker for a copy of the Terms and Conditions of Sale and Registration Form.
Auction Details
Property Details
  • 4 Full Baths
  • 1 Half Bath
  • 4160 SF
  • 2500 SF Lot
  • Built in 1930
  • 3 Stories
Commercial Info
  • 3% Cap. Rate
Income/Expenses
  • Gross Income $105,600
  • Net Income $55,704
  • Maintainence Exp $8,000
  • Insurance Exp $6,154
  • Heat Exp $8,100
  • Electric Exp $1,200
  • Total Exp $49,896
  • Paid by Landlord: Electric, Heat, Water, Cleaning, Insurance
Taxes and Fees
  • $21,352 Total Tax
Listed By
MYC & ASSOCIATES INC
Office: 347-273-1258
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