99-11 42 Avenue, Corona, NY 11368

• 5,040 sqft

Property Description

Prime Corona Investment Opportunity: Located in the heart of Corona, Queens, 99-11 42nd Avenue is a well-maintained, cash-flowing 6-family brick building perfect for savvy investors looking to maximize cash flow or execute a seamless 1031 exchange. The property features six residential units, consisting of five spacious 2-bedroom apartments and one comfortable 1-bedroom apartment, all configured with efficient, tenant-friendly layouts. Landlord overhead is kept low thanks to a total of 7 electric and 7 gas meters, providing separate utility ( cooking gas and Electric) setups for each individual unit so tenants pay their own expenses. The location is extremely convenient, situated just blocks from the 103rd St-Corona Plaza 7-train subway station, which offers a seamless commute directly into Midtown Manhattan and Long Island City. It’s located in close proximity to a vibrant mix of local shopping, diverse dining options, community parks, and essential services ensuring a strong rental demand, making this a phenomenal income-generating asset to add to your real estate portfolio. With a gross annual revenue of $113,486 and a NOI of $62,982 after all expenses, this investment will allow you to cash flow immediately.

Listing Status:

Active

Data Last Updated:

June 25, 2026 at 1:20PM

Listing Office:

Keller Williams Landmark II : 347-846-1200

MLS ID:

1008554

Interior

• Basement: FullPartially Finished
• A/C: Wall/Window Unit(s)
• Heating: Oil

Exterior

• Style: Mid Rise
• Parking: Parking spaces: 0

Location

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

Lot

• Zoning: R6B01616-0058

Utilities

• Utilities: Electricity ConnectedNatural Gas Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2