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$965,000

For Sale

10 hours ago

MLS® 1008554

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $21,372
Days Active 0
Approx. Age 1931
MLS® Number 1008554

Property Address: 99-11 42 Avenue, New York, NY, 11368

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

Description

Prime Corona Investment Opportunity: Located in the heart of Corona, Queens, 99-11 42nd Avenue is a well-maintained, cash-flowing 6-family brick building perfect for savvy investors looking to maximize cash flow or execute a seamless 1031 exchange. The property features six residential units, consisting of five spacious 2-bedroom apartments and one comfortable 1-bedroom apartment, all configured with efficient, tenant-friendly layouts. Landlord overhead is kept low thanks to a total of 7 electric and 7 gas meters, providing separate utility ( cooking gas and Electric) setups for each individual unit so tenants pay their own expenses. The location is extremely convenient, situated just blocks from the 103rd St-Corona Plaza 7-train subway station, which offers a seamless commute directly into Midtown Manhattan and Long Island City. It’s located in close proximity to a vibrant mix of local shopping, diverse dining options, community parks, and essential services ensuring a strong rental demand, making this a phenomenal income-generating asset to add to your real estate portfolio. With a gross annual revenue of $113, 486 and a NOI of $62, 982 after all expenses, this investment will allow you to cash flow immediately.
MLS® Number1008554
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1931
Stories3
Pets

Included in Maintenance Fee

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

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 5, 2026List Date
$965,000List Price
  • Commute

Commute

Starting Address
Destination Address
99-11 42 Avenue, New York, NY

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