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    108-20/22 38Th Ave Corona, NY 11368

    For Sale
    $3,850,000

    MULTI_FAMILY - Corona, NY

    Lot size:
    0.17 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 11 at 5:06 pm

    Property Features for 108-20/22 38Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R5
    Rooms
    Basement
    APN
    01779-0104
    Basement
    Full
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Natural Gas, Steam
    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    2009
    Number of units
    16
    Building materials
    Brick

    WINZONE REALTY INC. (718) 899-7000 [email protected]

    Listing agent Rebecca Fang (646) 823-8878

    Listing date Nov 28, 2025

    Copyright © 2025 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.

    Overview

    Corona Multifamily Residence For Sale

    Located in Corona, this 16-unit residence features 28 bedrooms, 20 full baths, and 4 half baths. The property generates a yearly gross income of $390,000, with yearly expenses of $90,000. The tax abatement is set to end in June 2026. The property is zoned R5 and sits on a lot of approximately 0.17 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Queens
    State
    New York
    Longitude
    -73.905695
    Latitude
    40.74862

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    FAQs

    What type of property is this?
    Apartment building - 16-unit residence in Corona with high income potential.
    Where is this apartment building located?
    The property is located at 108-20/22 38Th Ave Corona, NY.
    What is the asking price?
    The asking price for this property is $3,850,000.
    What are key features of this property?
    This property features: - High Gross Annual Income: Generates $390,000 per year.; - Strong Cap Rate: Indicates a potentially high return on investment.; - 16-Unit Residence: Substantial property with multiple rental opportunities.
    (646) 823-8878
    Request Owner's contact information
    108-20/22 38Th Ave Corona, NY 11368
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108-20/22 38Th Ave Corona, NY 11368
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