718-886-8110
11242 38th Ave, Corona, NY for Sale
Apartments - FOR SALE
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11242 38th Ave
Corona, NY 11368
North Corona


HIGHLIGHTS

  • Built in 2018, providing modern construction and systems compliance.
  • Zoning R6 allows future conversion or redevelopment opportunities.
  • Eight-unit residential building with contemporary amenities and finishes.
  • Convenient access to Flushing Meadows–Corona Park and major transit lines.
  • Located near Roosevelt Avenue retail, restaurants, and cultural centers.
  • Proximity to LaGuardia Airport and major highways serves both tenants and visitors.

OVERVIEW

This investment property offers an exceptional opportunity in the dynamic neighborhood of Corona, Queens. Constructed in 2018, the five-story mid-rise building comprises eight residential units with modern finishes, designed to meet current living standards and deliver long-term operational efficiency. The property sits on a 2,500 sq. ft. lot and has been thoughtfully maintained, providing strong income potential in a highly sought-after residential submarket. Positioned within an R6 zoning district, the asset offers future redevelopment flexibility, including the potential for condominium conversion. The property benefits from easy access to major thoroughfares and public transit options, ensuring strong connectivity across Queens and into Manhattan. With consistent rental demand driven by Queens’ robust population and proximity to employment centers, this property is well positioned for investors seeking stable returns with long-term upside. On-site features include brick construction for lasting durability, controlled access, HVAC, and unit-level amenities such as modern kitchens, tubs, showers, and gas heating. Nearby attractions include Flushing Meadows–Corona Park, major retail corridors along Roosevelt Avenue, and quick access to LaGuardia Airport. The asset’s combination of build quality, location, and zoning flexibility makes it a compelling choice for discerning investors.

FOR SALE DETAILS

PRICE

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# OF UNITS

8

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,617 SF

ZONING

R6

APN/PARCEL ID

01785-0020

ASK ABOUT THIS PROPERTY

Fenger ZouE Realty International CorpMore Info
718-886-8110

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Fenger ZouE Realty International CorpMore Info
718-886-8110

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