Mixed-Use Apartment Building with Medical
For Sale
$3,800,000
10116 39th Avenue, Corona, NY 11368
MULTI_FAMILY - Corona, NY
Property SizeContact for details
Lot Size0.06 Acres
Days on Market148
Property Features for 10116 39th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Rooms
Basement
Basement
Full, Finished
Elementary school
Contact Agent
Middle school
Is 61 Leonardo Da Vinci
High school
Newtown High School
Elementary school district
Contact Agent
Middle school district
Queens24
High school district
Queens24
Standard status
Active
APN
01770-0021
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11329
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
2012
Number of units
8
Building materials
Brick
Listing Agency:
Lin Pan Realty Group LLC
(516) 693-9888
Listed By:
Qian Huang
(646) 785-1699
Added: Mar 16
Changed: Jul 28
Last Checked: Aug 10 at 5:06PM
MLS# 972195
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained mixed-use building includes one ground-floor medical office and seven residential units. The first floor features the medical office plus one 1-bedroom unit with a large backyard, while the second through fourth floors contain six additional 1-bedroom apartments. Each residential floor is configured with two 1-bedroom units for an efficient, repeatable layout.
The property also includes additional rooftop lease income. Based on the provided figures, it generates approximately $207,000 in annual gross operating income, with estimated operating expenses of about $26,000, resulting in an estimated NOI of approximately $181,000 annually.
Set up for diversified income through both medical and residential components, the building is designed for straightforward management with a consistent unit mix across multiple floors.
The property also includes additional rooftop lease income. Based on the provided figures, it generates approximately $207,000 in annual gross operating income, with estimated operating expenses of about $26,000, resulting in an estimated NOI of approximately $181,000 annually.
Set up for diversified income through both medical and residential components, the building is designed for straightforward management with a consistent unit mix across multiple floors.
Key Highlights
- Strong and stable cash flow with an attractive Net Operating Income (NOI) of approximately $181,000 annually.
- Diversified income streams from a medical office, seven residential units, and rooftop lease income.
- Highly convenient location near public transportation, retail, and dining in a demand‑driven Queens location.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
7
Residential units
Location Intelligence
Trade Area within ½ mile
5,204
Businesses Nearby
Explore this area
Business Placement
Demographics for 11368, NY
117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained building combines a ground-floor medical office with seven residential units and rooftop lease income.
Where is this apartment building located?
The property is located at 10116 39th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Strong and stable cash flow with an attractive Net Operating Income (NOI) of approximately $181,000 annually.; Diversified income streams from a medical office, seven residential units, and rooftop lease income.; Highly convenient location near public transportation, retail, and dining in a demand‑driven Queens location.
