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    38-16 108Th St Corona, NY 11368

    Pending
    For Sale
    $2,350,000

    Multi Family - Corona, NY

    Type:Single Family Attached
    Property size:
    7,374 SF
    Days on Market:
    127
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 38-16 108Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Pending
    Security features
    Fire Alarm
    Zoning
    R6B, C1-4
    Rooms
    Basement
    Exterior features
    Fencing
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Oven - Gas, Refrigerator
    Size
    7,374 SF

    Building Details

    Year built
    2015
    Number of units
    6
    Flooring type
    Hardwood
    Building materials
    Brick
    Architectural style
    Other

    WINZONE REALTY INC. [email protected] [email protected]

    Listing agent Rebecca Fang HOMES368@GMAILCOM License #40FA1050916

    Listing date Aug 1, 2025

    MLS# 876961 Listing URL

    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 Mixed-Use Investment Opportunity

    This mixed-use property in Corona, NY, constructed in 2015, features a four-story building with a full, open basement. The property is fully occupied with a mix of commercial and residential tenants. The basement is leased to a medical office with a half bath for $2,915 per month. The first floor is occupied by a beauty salon with a half bath, generating $4,489 per month. The second, third, and fourth floors each contain two apartments. Each apartment is configured as a one-bedroom, one-bath unit. Apartments 2A, 3A, and 4A rent for $1,900, $1,880, and $1,890 per month, respectively. Apartments 2B, 3B, and 4B each include a small storage space and rent for $1,850, $1,900, and $1,860 per month, respectively. The property's annual income is $224,208, with annual expenses totaling $28,795. Expenses include commercial real estate taxes of $11,930, residential real estate taxes of $1,424, insurance costs of $6,530, water and sewer charges of $5,670, utilities of $863, and maintenance and repair costs of $4,032. The building has 7,374 square feet of living area and benefits from a 15-year 421-a tax abatement. All units have separate meters for gas and electricity. The property is zoned R6B, C1-4.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mega fit club ... Grocery Store

    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
    -73.861515
    Latitude
    40.759047

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    FAQs

    What type of property is this?
    Mixed-use property - Four-story mixed-use property in Corona, NY with strong income.
    Where is this mixed-use property located?
    The property is located at 38-16 108Th St Corona, NY.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: - Substantial Annual Income: $224,208 annual income; - Significant Tax Abatement: 15 years remaining on a 421-a Tax Abatement; - Mixed-Use Property: Multi-family and commercial spaces provide diversified income streams
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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
    38-16 108Th St Corona, NY 11368
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