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    112-42 38Th Ave Corona, NY 11368

    Sponsored
    For Sale
    $2,880,518

    MULTI_FAMILY - Corona, NY

    Lot size:
    0.06 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 7 at 5:06 pm

    Property Features for 112-42 38Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R6
    Rooms
    Basement
    APN
    01785-0020
    Basement
    Partial
    Lot size
    0.06 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    2018
    Number of units
    8
    Building materials
    Brick

    E REALTY INTERNATIONAL CORP. (718) 886-8110 [email protected]

    Listing agent Fenger Zou (347) 996-7996

    Listing date Jan 5, 2026

    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.

    Overview

    Corona Eight-Family Building For Sale

    This eight-family building, constructed in 2018, is located in Corona, New York. The property has a zoning designation of R6. The building dimensions are 25 feet by 51 feet, situated on a 25-foot by 100-foot lot. The total building area is 5294 square feet. The unit mix comprises seven 2-bedroom, 1-bathroom apartments and one 1-bedroom, 1-bathroom apartment. The building features eight water meters, eight gas meters, nine electric meters, eight boilers, and eight heaters. The property is not rent stabilized. The gross income is $204,000 per year with a net income of $145,300 per year. The market gross income is $235,000 and the net income is $183,000. The property is located two blocks from the Roosevelt 7 train, a supermarket, restaurants, and Citi Field.
    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 - Eight-family building in Corona, built in 2018, near Roosevelt 7 train.
    Where is this apartment building located?
    The property is located at 112-42 38Th Ave Corona, NY.
    What is the asking price?
    The asking price for this property is $2,880,518.
    What are key features of this property?
    This property features: - High Net Operating Income: Current net income of $145,300 per year with potential for $183,000 based on market rates.; - Relatively New Construction: Built in 2018.; - Desirable Unit Mix: Features a mix of seven 2-bedroom units and one 1-bedroom unit.
    (347) 996-7996
    Request Owner's contact information
    112-42 38Th Ave Corona, NY 11368
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    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
    112-42 38Th Ave Corona, NY 11368
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