10116 39th Avenue,Corona, NY 11368
Corona, NY 11368
Description
This well-maintained mixed-use investment property offers strong and stable cash flow in a highly convenient neighborhood near public transportation, retail, and dining. The property consists of one medical office on the ground floor and seven residential units, along with additional rooftop lease income, providing diversified income streams for investors. The building layout includes a medical office and one 1-bedroom unit with a large backyard on the first floor, followed by six additional one-bedroom apartments across the second, third, and fourth floors. Each residential floor contains two well-configured 1-bedroom units, making the building efficient to manage and highly rentable in this demand-driven Queens location. The property generates approximately $207,000 in annual gross operating income, with estimated operating expenses of about $26,000, resulting in an attractive Net Operating Income (NOI) of approximately $181,000 annually. Situated between Corona and Flushing, the property benefits from strong rental demand, proximity to major transportation routes, neighborhood retail corridors, and easy access to Manhattan. This is an excellent opportunity for investors seeking a stable income-producing property with upside potential in one of Queens’ most active rental markets.
Details
| MLS # | 972195 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 2012 |
| Days On Site | 157 |
| Listing Provided By | Lin Pan Realty Group LLC | Qian Huang |
Features
| SQ Feet | 6,495 |
|---|---|
| Basement | Y |
| Units | 8 |
| Zoning | R6B |
| Acreage | 0.06 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | None |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 551700 |
| Tax Annual Amount | 11328.96 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Corona |
| Zip Code | 11368 |
| School District | Newtown High School |
| Elementary School | Contact Agent |
| High School | Newtown High School |
| Listing VS Median (in 11368) | |
Price: $3,800,000 low | high Med: $999,000 sqft: 6,495 low | high Med: 3,108 $ / sqft: $585 low | high Med: $375 On site: 157 low | high Med: 139 | |
Market Activity 11368
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Corona |
| Zip Code | 11368 |
| School District | Newtown High School |
| Elementary School | Contact Agent |
| High School | Newtown High School |
| Listing VS Median (in 11368) | |
Price: $3,800,000 low | high Med: $999,000 sqft: 6,495 low | high Med: 3,108 $ / sqft: $585 low | high Med: $375 On site: 157 low | high Med: 139 | |
 | $3,800,00010114 39th AvenueCorona, NY 11368 |
 | $2,000,000100-11 40th RoadCorona, NY 11368 |