Falco & Isak Realty Services exclusively retained by ownership to sell 51-17 108th Street

Corona, NY. Falco & Isak Realty Services, has been exclusively retained by ownership to sell 51-17 108th Street, aka 5115-5117 108th Street & 10801-10809 52nd Avenue. The property is a 14,500sf, 3-story, plus cellar, brick, corner, mixed-use building built in 1988, located on the Northeast corner of 108th Street and 52nd Avenue; 51-17 108th Street is situated in the heart of Corona, across the street from William F Moore Park and the famed "Lemon Ice King" building. It is also located less than one-block away from famous Parkside Restaurant. The building consists of Six (6) Commercial units and Eight (8) Free Market Residential units. Unit Breakdown: The Lower Level contains a Dentist Office with ten years remaining on the lease. The First floor contains three (3) fully occupied Retail Units; Corona Pizza, Metro PCS and Imperial Liquors. There are also two (2) side Retail or Office spaces that are currently unoccupied. Each commercial tenant is responsible for a portion of the Real Estate Taxes as well as the Water/Sewer charges and have their own boilers. The Second floor contains four (4) Residential Units and the Third floor contains four (4) Residential units as well. All of the tenants are Free Market with expired leases. The residential tenants are responsible for their own electric and gas bills. The residential breakdown is as follows: Two (2) studio units, Two (2) one-bedroom units and Four (4) two-bedroom units. The average rent for the residential apartments is only $1,050 a month giving this building solid upside in residential rents. 51-17 108th Street in Corona is a prime investment opportunity.