112-42 38 Avenue, Corona, NY 11368 (MLS # 1031301)
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Excellent Investment Opportunity Prime location with strong appreciation potential as the nearby casino development moves forward. All units rented at market rates. Property Details Lot Size: 25' × 100' Building Size: 25' × 51' (Approx. 5,294 SF) Built in 2018 Zoning: R6 Unit Mix 6 Two-Bedroom / One-Bath units 2 One-Bedroom / One-Bath units A neighboring building with the same layout has already been converted into 8 individual condominium units, generating an estimated $3 million in net profit. Separate Utilities 8 Water Meters 8 Gas Meters 9 Electric Meters 8 Heating Systems 8 Hot Water Heaters Investment Highlights Fully occupied with excellent tenants Rent receipts available (no written leases) Potential for future rent increases Annual Gross Income: Approx. $210,000 Estimated Cap Rate: 5% - 6% Outstanding Location Just a 2-block walk to the bustling Roosevelt Avenue / 7 Train station. Close to supermarkets, restaurants, Citi Field, and numerous neighborhood amenities.
| DAYS ON MARKET | 2 | LAST UPDATED | 7/27/2026 |
|---|---|---|---|
| YEAR BUILT | 2018 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Partial |
| CONSTRUCTION | Brick |
| HEAT | Natural Gas |
| LOT | 2500 acre(s) |
| PARKING | No Garage, None |
| SEWER | Public Sewer |
| TAXES | 44424 |
| UTILITIES | See Remarks |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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