Redevelopment Opportunity in Corona, NY

103-19 Northern Blvd Corona , NY 11368

103-19 Northern Blvd, Corona , NY, 11368
103-19 Northern Blvd, Corona , NY, 11368 103-19 Northern Blvd, Corona , NY, 11368
FOR SALE
Property Type:
Mixed Use
Amount:
$3,000,000
Cap Rate:
0.00%
Last Verified:
Jul 18, 2024

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• Prime Redevelopment Opportunity on Northern Blvd, Corona, NY • Opportunity to Build a 7-Story Mixed-Use Building with Retail, Community Facility & Residential Units • Current Tenant has a Short-Term Lease that Expires in September 2024 • Surrounded by Many Notable Recent Mixed-Use, Commerical, Residential, and Hotel Redevelopments (See Pages 7-8) • Close Proximity to Citi Field, LaGuardia Airport, the Grand Central Pkwy, the Whitestone Expy, and More.

Map of 103-19 Northern Blvd, Corona , NY, 11368

Presented by:
American Investment Properties

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Ron Koenigsberg


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.