10114 39th Avenue, Corona, NY 11368
- $3,800,000
- List Price
- $3,800,000
- Days on Market
- 137
- MLS#
- 972156
- Number Of Families
- 8
- Status
- ACTIVE
- Lot Size
- 2500
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.
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Additional Information
- Year Built
- 2012
- School District
- Queens24
- Elementary School
- Contact Agent
- Middle School
- Is 61 Leonardo Da Vinci
- High School
- Newtown High School
- Total Taxes
- 11457
- Heating
- Natural Gas
- Parking
- None
- Basement
- Finished, Full
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $11,457
Mortgage Calculator
Listing courtesy of Listing Agent: Qian Huang (jessicahuangny@gmail.com) from Listing Office: Lin Pan Realty Group LLC.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.