10114 39th AVE, Corona, NY 11368
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Randy Reis

Randy Reis

+1(917) 435-4870
$3,800,000
Est. payment /mo
2,500 Sqft Lot
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UPDATED:

Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 972156

Rental Info No

Year Built 2012

Annual Tax Amount $11,457

Lot Size 2,500 Sqft

Acres 0.0574

Property Sub-Type Multi Family

Source onekey2

Property 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 rooftop is currently leased to a telecommunications company, generating additional stable income. The property generates approximately $270,704 in annual gross operating income, with estimated operating expenses of about $26,570, resulting in an attractive Net Operating Income (NOI) of approximately $244,134 annually. Cap 6.42%. 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.

Location

State NY

County Queens

Rooms

Basement Finished, Full

Interior

Heating Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features None

Utilities Available Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Contact Agent

Middle Schools Is 61 Leonardo Da Vinci

High Schools Queens24

School District Queens24

Others

Special Listing Condition None

Read Less Info
OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Lin Pan Realty Group LLC • Qian Huang

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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