98-07 37TH Avenue, Corona, NY 11368

• 3,600 sqft

Property 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!

Listing Status:

Active

Data Last Updated:

August 10, 2026 at 9:21PM

Listing Office:

New Group Realty Inc : 718-255-9100

MLS ID:

1032789

Interior

• General: High CeilingsOpen KitchenOtherWasher/Dryer Hookup
• Basement: FullStorage Space
• A/C: ElectricMulti Units
• Heating: ElectricOther

Exterior

• Parking: DetachedGarageParking spaces: 3

Location

• Originating MLS: onekey2
• School District: Queens24
• County: Queens

Lot

• Zoning: 01739-0033

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedTrash Collection PublicWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2