Mixed-use building in Corona offered for $8.8M

Photo courtesy of Cushman & Wakefield

One year after being completed and opened, a mixed-use building steps away from the 7 line in Corona is again open to potential investors on the real estate market.

Cushman & Wakefield is offering the four-story, 15,068-square-foot building located at 37-17/19 108th St. for $8.8 million. The structure includes 14 apartments ranging from studios to three-bedroom units, all of which are currently occupied. The ground floor features a presently vacant retail space.

Completed in mid-2014, the building features modern amenities including a central heating and cooling system. Each of the apartments have granite kitchen countertops, marble bathroom fixtures and hardwood floors.

What’s more, the structure is located just three blocks north of bustling Roosevelt Avenue and, above it, the 103rd Street-Corona Plaza station on the 7 line. The location ensures constant foot traffic from shoppers, visitors and residents alike.

“This property is a rare product in today’s market with great cash flow and high-quality construction,” according to the Cushman & Wakefield listing.

Stephen R. Preuss, executive director, is handling the sale.

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