Virginia Agosto - John J Lease Realtors Logo
$2,680,000
 $14,387 est/mo Sourced by Back At You

112-39 38ave,Corona, NY 11368

Corona, NY 11368

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Description

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 abatementCurrent 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.

Details

MLS #1050891
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2006
Days On Site33
Listing Provided ByEXP Realty | Li H. Xu

Features

Bed(s)16
Bath(s) 9 Total
SQ Feet6,424
BasementY
Units8

Interior

CoolingWall/Window Unit(s)
HeatingNatural Gas
Interior FeaturesOriginal Details

Exterior

Construction MaterialsBrick

Parking

Garage Yes / NoNo
Parking FeaturesParking Lot

Utilities

UtilitiesNatural Gas Connected
SewerPublic Sewer

Taxes

Tax Year2026
Tax Annual Amount1120

Area Information

StateNY
CountyQueens
CityCorona
Zip Code11368
School DistrictHigh School For Arts & Business
Elementary SchoolPs 143 Louis Armstrong
High SchoolHigh School For Arts & Business
Listing VS Median (in 11368)
Price:
$2,680,000
low | high
Med:
$854,500
100% of Average
sqft:
6,424
low | high
Med:
2,708
100% of Average
$ / sqft:
$417
low | high
Med:
$371
61.00095527157% of Average
On site:
33
low | high
Med:
66
50% of Average
Sourced by Back At You

Market Activity 11368

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Learn More About This Property

Virginia Agosto

Virginia Agosto

John J Lease REALTORS

 (646) 713-5293agostoservices@icloud.com
StateNY
CountyQueens
CityCorona
Zip Code11368
School DistrictHigh School For Arts & Business
Elementary SchoolPs 143 Louis Armstrong
High SchoolHigh School For Arts & Business
Listing VS Median (in 11368)
Price:
$2,680,000
low | high
Med:
$854,500
100% of Average
sqft:
6,424
low | high
Med:
2,708
100% of Average
$ / sqft:
$417
low | high
Med:
$371
61.00095527157% of Average
On site:
33
low | high
Med:
66
50% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.1M - $3.35M
sqft: 4,500 - 8,000
Nearby Listings Property ImageNearby Listings Details
38-11 111th Street Property Photo 1
$2,450,000
38-11 111th Street
Corona, NY 11368
112-42 38 Avenue Property Photo 1
$2,880,000
112-42 38 Avenue
Corona, NY 11368
Listing Updated: September 28, 2026 at 9:06:35 PM PDT

Virginia Agosto - John J Lease Realtors