QUEENS REAL ESTATE NEWS

SPILLING THE BEANS ON QUEENS REAL ESTATE

TRADED: Margaret McCormick buys 102-43 Corona Ave from James H. Simmons, III for $8,368,473

Margaret McCormick buys 102-43 Corona Ave from James H. Simmons, III for $8,368,473 ($311 per square foot). The Property is located in Corona, NY and traded on May 17, 2016

Building

Walk Up Apartments: Over Six Families Without Stores

Year Built 1933
Year Renov
Class C1

Building Dimensions

Floors 4
Max Floor Plate 8,000 sf
Frontage 100.00 ft
Depth 80.00 ft

Lot Dimensions

# of Buildings 1
Area 10,954 sf
Frontage 120.00 ft
Depth 91.25 ft

Building SF Breakdown

Type % of Total Usable SF + Loss Factor = Rentable SF
Commercial (0 units) 0% 0 0
Residential (41 units) 100% 26,760 26,760
Total (41 units) 26,860 26,885

Zoning

Existing Floor Area Ratio: 2.45

Lot Area × FAR = Buildable SF Existing SF = Indicative SF
Residential 10,954 × 2 = 21,908 26,860 = 4,952 Overbuilt
Community Facility 10,954 × 2 = 21,908 26,860 = 4,952 Overbuilt

 

102-43 Corona Ave