10114 39th Ave - Apartments FOR SALE


Corona, NY 11368- North Corona
$3,800,000 USD
646-785-1699
10114 39th Ave, Corona, NY for Sale
$3,800,000 USD
Apartments - FOR SALE
1/1
null | 6.42% Cap Rate

10114 39th Ave
Corona, NY 11368
North Corona


HIGHLIGHTS

  • Mix Use
  • First Floor Medical Office, Rooftop rented by mobile company

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$585 USD /SF

# OF UNITS

8

PRICE/UNIT

$475,000

CAP RATE

6.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2012

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6B

APN/PARCEL ID

01770-0020

ASK ABOUT THIS PROPERTY

Qian HuangLin Pan Realty GroupMore Info
646-785-1699

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Qian HuangLin Pan Realty GroupMore Info
646-785-1699

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.