Listing Notes
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. 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.
Price in context
Cheaper than 8% of the 24 homes listed nearby right now, which run $1,100,000 to $2,700,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 103-26 Alstyne Ave | $1,100,000 | 6 bd · 2 ba |
| 55-14 Van Cleef St | $1,128,000 | 7 bd · 3 ba |
| 103-25 Alstyne Ave | $1,150,000 | 4 bd · 3 ba |
| 103-25 Alstyne Ave | $1,150,000 | 4 bd · 3 ba |
| 10309 Corona Ave | $1,162,962 | 4 bd · 2 ba |
| 10708 Otis Ave | $1,190,000 | Studio |
| 5005 108th St | $1,190,000 | 7 bd · 2 ba |
| 102-08 62nd Rd | $1,199,800 | 4 bd · 3 ba |
| 102-08 62nd Rd | $1,199,800 | 4 bd · 3 ba |
| 50-08 101st St | $1,250,000 | 6 bd · 3 ba |
| 51-17 103rd St | $1,280,000 | 5 bd · 3 ba |
| 10475 48th Ave | $1,288,888 | Studio |
| 10475 48th Ave | $1,288,888 | Studio |
| 110-28 55th Ave | $1,398,000 | 7 bd · 5 ba |
| 110-28 55th Ave | $1,398,000 | 7 bd · 5 ba |
| 10201 62nd Rd | $1,498,000 | 5 bd · 3 ba |
| 5748 Van Doren St | $1,500,000 | 5 bd · 5 ba |
| 57-25 Waldron St | $1,580,000 | Studio |
| 52-08 103rd St | $1,638,000 | Studio |
| 52-12 103 St | $1,688,000 | 4 bd · 11 ba |
| 11021 55th Ave | $1,700,000 | 7 bd · 5 ba |
| 5732 Xenia St | $1,850,000 | 15 bd · 6 ba |
| 104-49 49th Ave | $2,090,000 | 8 bd · 6 ba |
| 46-11 104th St | $2,700,000 | 6 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more