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112-42 38 Avenue Corona, NY $ 2,880,000
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$ 2,880,000 Get more info
112-42 38 Avenue
$ 2,880,000
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112-42 38 Avenue

Corona, NY, 11368
$ 2,880,000
Bedrooms-- Baths-- Sq 5,464

Monthly Estimate*

$ 18,185

112-42 38 Avenue, Corona, NY 11368 - Image 1
112-42 38 Avenue, Corona, NY 11368 - Image 2
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112-42 38 Avenue, Corona, NY 11368 - Image 4
112-42 38 Avenue, Corona, NY 11368 - Image 5
112-42 38 Avenue, Corona, NY 11368 - Image 6
112-42 38 Avenue, Corona, NY 11368 - Image 7
112-42 38 Avenue, Corona, NY 11368 - Image 8

Commercial Property for sale in Corona, NY

for $2,880,000. This 5,464 square foot building was built in 2018 on a lot size of 0.057392.

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.

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Commercial Active

Price

$ 2,880,000

Property Type

Commercial

Taxes

$ 44,424

Style

Multi Family

Lot Size

0.057392

Year Built

2018

Town/City

Corona

County/Region

Queens

MLS | Web ID

1031301
Features
General
Sewer Public Sewer
Heating Natural Gas
Cooling Electric
Utilities See Remarks
Zoning R6
Construction Materials Brick
Year Built 2018
Property Subtype Multi Family
Tax Year 2026
Parcel Number 01785-0020
County Queens
Property Type Commercial Sale
City New York
High School District Contact Agent
Number Of Units Total 8
Property Attached Y/N N
Tax Annual Amount 44424
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Contact Agent
Elementary School District Contact Agent
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Interior
Basement Partial
Basement Features Partial
Basement (Y/N) Y
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Exterior
Parking Features None None
Water Source Public
Building Area Total 5464
Waterfront Y/N N
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Internal Only
Street Number 1 112
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* Excluded Features
List By
Fenger Zou

Listing Agent

E Realty International Corp

Broker

718-886-8110

Contact

Affordability Calculator

$21,887
Per Month
83%
17%
0%
Monthly Principal & Interest
$18,185
Monthly Property Taxes
$3,702
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
4892106 Elementary School
4892561 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/27/2026$2,880,000 Listed Price

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112-42 38 Avenue, Corona, NY, 11368 is a Commercial Property for sale at $2,880,000 with 5,464 sqft and a lot size of 0.057392. 112-42 38 Avenue was built in 2018. The property's zip code is 11368 which is in Corona, NY

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