99-11 42 Avenue, Corona, NY 11368 (MLS # 1008554)
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Prime Corona Investment Opportunity: Located in the heart of Corona, Queens, 99-11 42nd Avenue is a well-maintained, cash-flowing 6-family brick building perfect for savvy investors looking to maximize cash flow or execute a seamless 1031 exchange. The property features six residential units, consisting of five spacious 2-bedroom apartments and one comfortable 1-bedroom apartment, all configured with efficient, tenant-friendly layouts. Landlord overhead is kept low thanks to a total of 7 electric and 7 gas meters, providing separate utility ( cooking gas and Electric) setups for each individual unit so tenants pay their own expenses. The location is extremely convenient, situated just blocks from the 103rd St-Corona Plaza 7-train subway station, which offers a seamless commute directly into Midtown Manhattan and Long Island City. It's located in close proximity to a vibrant mix of local shopping, diverse dining options, community parks, and essential services ensuring a strong rental demand, making this a phenomenal income-generating asset to add to your real estate portfolio. With a gross annual revenue of $113,486 and a NOI of $62,982 after all expenses, this investment will allow you to cash flow immediately.
| DAYS ON MARKET | 3 | LAST UPDATED | 6/5/2026 |
|---|---|---|---|
| YEAR BUILT | 1931 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| Elementary School | Ps 19 Marino Jeantet |
|---|---|
| High School | High School For Arts & Business |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Full, Partially Finished |
| CONSTRUCTION | Brick |
| HEAT | Oil |
| LOT | 2133 acre(s) |
| PARKING | No Garage, None |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | Mid Rise |
| TAXES | 21372 |
| UTILITIES | Natural Gas Available, Electricity Connected, Natural Gas Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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