112-42 38 Avenue, Corona, NY 11368

• 5,464 sqft

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.

Listing Status:

Active

Data Last Updated:

October 8, 2026 at 7:20AM

Listing Office:

E Realty International Corp : 718-886-8110

MLS ID:

1031301

Interior

• Basement: Partial
• A/C: Electric
• Heating: Natural Gas

Exterior

• Parking: None

Location

• Originating MLS: onekey2
• School District: Contact Agent
• County: Queens

Lot

• Zoning: R601785-0020

Utilities

• Utilities: See Remarks
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2