112-39 38ave Ave, Corona, NY 11368 (MLS # 1050891)
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Located approximately five minutes from the subway, this legal eight-family property offers strong rental income and excellent long-term investment potential. Property Highlights: Legal 8-family building, Solid brick construction, built in 2006 Four stories Approximately 6,424 sq. ft. of building area Approximately 22 by 215 &73 ft. building dimensions Approximately 25 ft. lot frontage Each apartment features approximately 2 bedrooms and 1 bathroom Approximately 16 bedrooms and 9 bathrooms in total Full finished basement Backyard parking for approximately four vehicles Approximately six years remaining on the property-tax abatement Current total rental income: approximately $235,000 per year "¢ Tenants pay all utilities and expenses "¢ Easy-to-maintain all-brick construction "¢ Approximately five minutes from the subway An excellent opportunity for long-term rental income, portfolio expansion, or a 1031 Exchange.
| DAYS ON MARKET | 5 | LAST UPDATED | 9/15/2026 |
|---|---|---|---|
| YEAR BUILT | 2006 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Ps 143 Louis Armstrong |
|---|---|
| Jr. High School | Corona Arts And Sciences Academy |
| High School | High School For Arts & Business |
| ADDITIONAL DETAILS | |
| ADULT COMMUNITY | Yes |
|---|---|
| AIR | Wall/Window Unit(s) |
| AIR CONDITIONING | Yes |
| BASEMENT | Full |
| CONSTRUCTION | Brick |
| HEAT | Natural Gas |
| LOT | 0 |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| TAXES | 1120 |
| UTILITIES | Natural Gas Available, Natural Gas Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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