USANYCorona112-42 38Th Ave
View of snow covered property | Image 1

112-42 38 Th Ave, Corona, NY

Real Estate

For Sale

Listed price in listed location currency (USD).
$2,880,000

000

MLS® 1031301

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $44,424
Days Active 3
Approx. Age 2018
MLS® Number 1031301

Property Address: 112-42 38th Ave, Corona, NY, 11368-4573

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number1031301
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2018
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatNatural Gas
A/CElectric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 27, 2026List Date
$2,880,000List Price
  • Commute

Commute

Starting Address
Destination Address
112-42 38 Th Ave, Corona, NY

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