Richard Lease - John J Lease Realtors Logo
$3,780,000
 $20,292 est/mo Sourced by Back At You

98-07 37th Avenue,Corona, NY 11368

Corona, NY 11368

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Description

Full gut renovated, semi-detached all-brick 3-story property boasting a 20x60 building size on a 25x100 lot, plus a full basement with separate entrance.High-yield layout features 1 prime storefront, 5 spacious residential apartments (ALL 3-Bedroom units), and 3 detached garages. Features separate utilities with 5 gas meters and 6 electric meters. Every unit is equipped with its own in-unit washer and dryer, split-system A/C. Strong cash-flowing investment property generating $283,284 in gross annual income with low annual expenses of $37,460, delivering an impressive Net Operating Income (NOI) of $245,823 and a 6.5% CAP rate. 100% FREE MARKET. Unbeatable location just steps from the #7 subway train and multiple bus lines in a high-foot-traffic commercial corridor. Must see!

Details

MLS #1032789
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1930
Days On Site23
Listing Provided ByNew Group Realty Inc | Xun Lin

Features

SQ Feet3,600
Garage3
BasementY
Units6

Interior

CoolingElectric, Multi Units
HeatingElectric, Other
Interior FeaturesHigh Ceilings, Open Kitchen, Other, Washer/Dryer Hookup

Exterior

Construction MaterialsBrick

Parking

Garage Yes / NoYes
Parking FeaturesDetached, Garage

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
SewerPublic Sewer

Taxes

Tax Year2026
Tax Annual Amount17310

Area Information

StateNY
CountyQueens
CityCorona
Zip Code11368
School DistrictNewtown High School
Elementary SchoolPs 19 Marino Jeantet
High SchoolNewtown High School
Listing VS Median (in 11368)
Price:
$3,780,000
low | high
Med:
$999,000
100% of Average
sqft:
3,600
low | high
Med:
3,108
63.666666666667% of Average
$ / sqft:
$1,050
low | high
Med:
$375
100% of Average
On site:
23
low | high
Med:
141
16.312056737589% of Average
Sourced by Back At You

Market Activity 11368

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Learn More About This Property

Richard Lease

Richard Lease

John J Lease REALTORS

 (845) 565-2800richardlease@johnjleaserealtors.com
StateNY
CountyQueens
CityCorona
Zip Code11368
School DistrictNewtown High School
Elementary SchoolPs 19 Marino Jeantet
High SchoolNewtown High School
Listing VS Median (in 11368)
Price:
$3,780,000
low | high
Med:
$999,000
100% of Average
sqft:
3,600
low | high
Med:
3,108
63.666666666667% of Average
$ / sqft:
$1,050
low | high
Med:
$375
100% of Average
On site:
23
low | high
Med:
141
16.312056737589% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.835M - $4.725M
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
98-07 37th Avenue Property Photo 1
$3,780,000
98-07 37th Avenue
Corona, NY 11368
99-12 37th Avenue Property Photo 1
$1,699,000
99-12 37th Avenue
Corona, NY 11368
99-12 37th Avenue Property Photo 1
$1,699,000
99-12 37th Avenue
Corona, NY 11368
35-43 97th Street Property Photo 1
$1,690,000
35-43 97th Street
Corona, NY 11368
3741 98th Street Property Photo 1
$1,750,000
3741 98th Street
Corona, NY 11368
Listing Updated: August 9, 2026 at 4:45:44 PM PDT

Richard Lease - John J Lease Realtors