10436-10438 38TH Avenue, Queens, NY 11368 (MLS # RLS20014681)
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Prime Elmhurst Investment Opportunity - 7.5 Cap Rate!
-NOI 316,113
-Built in 2009:
-Not just 1 but 2 well-maintained 4-story, 8-unit and 7 unit multifamily buildings
-15 total apartments, 6 one beds / 5 two beds / 4 three beds
- 54 total rooms / 28 total bedrooms
- 7.5 cap rate in the heart of Corona, Queens
-benefits from 421a tax abatements / RET 1,237 month
-Spanning a total of 5,430 SF, sits on a 27 ft. x125 ft. and 20 ft. x 125ft. lots respectively
Fully occupied, the property features separately metered electric and gas.Each unit has its own independent heating system, ensuring low low operating costs. Strong rental income and a prime location make this an exceptional turn-key investment opportunity.
Do not miss out on this rare find- contact us today!
| DAYS ON MARKET | 32 | LAST UPDATED | 4/24/2025 |
|---|---|---|---|
| TRACT | Jackson Heights | YEAR BUILT | 0 |
| COUNTY | Queens | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Apr 24, '25 | $2,350,000 |
|---|---|
| Apr 24, '25 - Today | $4,300,000 |
| ADDITIONAL DETAILS | |
| AIR | Other |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Other |
| LOT | 0 |
| LOT DIMENSIONS | 0.0x0.0 |
| STORIES | 1 |
| SUBDIVISION | Jackson Heights |
| TAXES | 14856 |
| VIEW DESCRIPTION | Other |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2025.