Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    108-20 38Th Ave Corona, NY 11368

    Sponsored
    For Sale
    $2,150,000

    MULTI_FAMILY - Corona, NY

    Lot size:
    0.07 Acres
    Days on Market:
    48
    Last Refresh:
    Jan 20 at 2:06 am

    Property Features for 108-20 38Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 8, Bedroom 6, Bedroom 7, Bedroom 9, Bathroom 12, Bedroom 10, Bathroom 16, Bedroom 5, Bathroom 13, Bedroom 3, Bedroom 1, Bedroom 11, Bathroom 14, Basement, Bathroom 2, Bathroom 6, Bedroom 15, Bathroom 8, Bathroom 1, Bathroom 4, Bathroom 7, Bathroom 5, Bedroom 4, Bedroom 14, Bathroom 3, Bathroom 9, Bathroom 15, Bedroom 13, Bedroom 12, Bathroom 10, Bathroom 11
    Bedrooms
    15
    Bathrooms
    16
    APN
    01779-0004
    Basement
    Full
    Lot size
    0.07 Acres

    Utilities

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

    Building Details

    Year built
    2009
    Number of units
    4
    Building materials
    Brick

    We can help!

    Listing Contact
    Rebecca Fang

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

    Listing agent Rebecca Fang (646) 823-8878

    Listing date Dec 4, 2025

    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.

    Learn more

    Property Insight Report

    Overview

    Multifamily Property in Corona, NY

    This multifamily property is located in Corona, NY. The basement is fully finished. The first floor contains two units: Unit 1A, a studio with a half basement and 1.5 bathrooms, and Unit 1B, a one-bedroom unit with a half basement and 1.5 bathrooms. The second floor features two units, each with two bedrooms, two full bathrooms, and a balcony. The third floor also has two units, each with two bedrooms, two full bathrooms, and a balcony. Additionally, there are two more units: Unit 4A, a duplex with three bedrooms, two full bathrooms, and a balcony, and Unit 4B, which has three bedrooms, two full bathrooms, and a balcony. The lot size is 0.0717 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
    -73.858694
    Latitude
    40.752315

    Nearby Similar for Sale

    • $2,690,000
      0.06 Acres

      Seven-Unit Building in Corona, NY

      Seven-unit building with one and two-bedroom apartments in Queens.
      102-18 Radcliff Ave, Corona, NY 11368
      View Details
    • $2,290,000
      0.06 Acres

      New Construction Three-Family in Corona

      New three-family home with quality finishes and convenient location.
      10605 49Th Ave, Corona, NY 11368
      View Details
    • $1,048,888
      Pending

      Corner Lot Duplex in Corona

      Semi-attached duplex in Corona near Flushing Meadows Park.
      55-12 Van Cleef St, Corona, NY 11368
      View Details
    • New
      $799,000
      Pending

      Two-Family House in Corona, NY

      Two-family house in Corona, NY, with development potential.
      100-30 Martense Ave, Corona, NY 11368
      View Details
    • $2,986,000
      4,930 SF

      New Multifamily Building in Corona

      New six-family building in high-demand Corona rental area.
      104-22 Corona Ave, Corona, NY 11368
      View Details
    • $11,495,000
      42,102 SF

      Corona Multifamily Near Transportation

      Multifamily property in Corona, near transportation and amenities.
      37-20/22 99Th St, Corona, NY 11368
      View Details
    • $2,090,000
      0.04 Acres

      New Construction Three-Family Home

      New construction three-family home with quality finishes in Corona.
      10603 49Th Ave, Corona, NY 11368
      View Details
    • $1,600,000
      0.05 Acres

      Corona Multifamily Investment Opportunity

      Legal four-family property near Roosevelt Avenue and 7-Line express subway.
      97-28 41St Ave, Corona, NY 11368
      View Details
    • $1,680,000

      Corona Two-Family Near Subway

      Two-family property in Corona, near transportation and amenities.
      94-44 45Th Ave, Corona, NY 11373
      View Details
    • New
      $1,298,000
      Pending

      Renovated Two-Family Home with Garage

      Two-family home in Corona, renovated in 2025, with development potential.
      109-50 Corona Ave, Corona, NY 11368
      View Details
    • $1,088,000
      Pending

      Renovated Duplex in Corona, NY

      Renovated two-family home with modern amenities and strong rental potential.
      10337 52Nd Ave, Corona, NY 11368
      View Details
    • $1,279,000
      0.04 Acres

      Renovated Two-Family Home in Corona

      Charming, renovated 2-family brick home in the heart of Corona.
      33-34 109Th St, Corona, NY 11368
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property featuring multiple units with various layouts and amenities.
    Where is this apartment building located?
    The property is located at 108-20 38Th Ave Corona, NY.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: - Multiple Rental Units: Mix of studio, 1, 2, and 3-bedroom apartments.; - Full Finished Basement: Adds valuable living or storage space.; - Balconies: Units 2A, 2B, 3A, 3B, 4A, and 4B feature balconies.
    (646) 823-8878
    Request Owner's contact information
    108-20 38Th Ave Corona, NY 11368
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    108-20 38Th Ave
    Corona, NY 11368
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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 38Th Ave Corona, NY 11368
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rebecca Fang
    (646) 823-8878
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.