40-42 Junction Boulevard
Corona, NY, 11368 $ 1,980,000
Bedrooms4 Baths3.0 Sq 2,368 Monthly Estimate*
$ 12,353
for $1,980,000 with 4 bedrooms and 3 full baths. This 2,368 square foot home was built in 1931 on a lot size of 0.06.
Prime Mixed-Use Opportunity in the heart of Corona! Welcome to a rare investment opportunity in bustling Corona, Queens. With an R6B zoning designation, this detached mixed-use building is ideally situated on the high-traffic Junction Boulevard, offering prime visibility and steady foot traffic for commercial success- plus excellent residential income potential. Property Highlights: Ground Floor Commercial Space- Currently operating as a modern Dominican eatery, the restaurant enjoys a loyal local customer base. A finished basement provides ample storage or prep space, exclusively for restaurant use. Rear Ground Floor Residential Unit- A comfortable 2-bedroom, 1-bath apartment with a functional kitchen, and a combined living and dining area, ideal for rental or owner-occupancy. Second Floor Residential Unit- Spacious and well laid out, featuring 2-bedroom, 2-bathrooms, a full kitchen, living room, and family room, perfect for larger families or additional income. Conveniently located in Corona, this property is just steps from the Junction Blvd 7-train station, providing quick access to Manhattan and throughout Queens. Multiple bus lines, including Q72 serving the area, and major highways like the LIE and Grand Central Parkway are easily accessible for commuting. The building is within walking distance of quality schools in NYC's District 24, popular shopping centers such as Rego Park Mall, a wide variety of restaurants, and the expansive Flushing Meadows-Corona Park are all within close proximity.
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FeaturesInteriorInterior Amenities First Floor Bedroom First Floor Full Bath Other
Basement Finished
Basement Features Finished
Basement (Y/N) Y
Total Bedrooms 4
Total Baths 3
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GeneralSewer Public Sewer
Heating Hot Water Natural Gas Other
Cooling Multi Units Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Water Connected
Construction Materials Aluminum Siding Frame Other
Year Built 1931
Property Subtype Duplex
Tax Year 2025
Parcel Number 01596-0029
County Queens
Property Type Residential Income
Garage Y/N N
Full Baths 3
Directions Please refer to Google Maps
High School Newtown High School
City New York
Senior Community Y/N N
High School District Queens24
Number Of Units Total 2
Carport Y/N N
Elementary School Ps 19 Marino Jeantet
Property Attached Y/N N
Tax Annual Amount 34318
Showing Instructions By Appointment- Please contact listing agent Fei @ 516-587-9113 for showing requests
Middle/Junior High School Is 61 Leonardo Da Vinci
Building Area Units Square Feet
Standard Status Pending
Middle/Junior School District Queens24
Elementary School District Queens 24
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ExteriorWater Source Public
Foundation Details Other Brick/Mortar Concrete Perimeter
Building Area Total 2368
Waterfront Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $12,353
- Monthly Property Taxes
- $2,860
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Corona, NY
Average List Price $1,598,573
Percent of Sale Price 19%
About Corona, NY 116,701 Population
16% Since 2002
$ 48,057 Median Income
35.4 Median Age
41% Households with Children
Trends Information provided by ATTOM Data Solutions.
4892444 Elementary School
4892417 Middle School
Newtown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/11/2025 | $1,980,000 | | Listed Price |