112-42 38 AVE, Corona, NY 11368
112-42 38 AVE, Corona, NY 11368
112-42 38 AVE, Corona, NY 11368
112-42 38 AVE, Corona, NY 11368
112-42 38 AVE, Corona, NY 11368
112-42 38 AVE, Corona, NY 11368
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
$ 2,880,000
Est. payment | /mo
Save
$ 2,880,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1031301

Rental Info No

Year Built 2018

Annual Tax Amount $44,424

Property Sub-Type Multi Family

Source onekey2

Property 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.

Location

State NY

County Queens

Rooms

Basement Partial

Interior

Heating Natural Gas

Cooling Electric

Fireplace No

Exterior

Parking Features None

Utilities Available See Remarks

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

High Schools Contact Agent

School District Contact Agent

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by E Realty International Corp • Fenger Zou

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

Name

Name

Phone

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Real Broker NY LLC Real Broker LLC, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

S C H E DU L E Y O U R  F R E E  T O U R

112-42 38 AVE

Q U I C K   S E A R C H :
VIEW MORE