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Mixed-Use Investment Property in Queens

10116 39th Ave, Queens, NY 11368

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For Sale

$3,800,000

Well-maintained mixed-use property with diversified income streams and upside.

Type:Commercial

HighLights

High Net Operating Income (NOI) of approximately $181,000 annually.
Diversified income streams from medical office, residential units, and rooftop lease.
Strong rental demand in a convenient Queens location between Corona and Flushing.
Excellent transit score (85) and very walkable score (89), providing easy access to transportation, retail, and dining.
Well‑maintained building constructed in 2012.
Efficient building layout with six 1‑bedroom apartments and one 1‑bedroom unit with a large backyard.

We can help!

Listing Contact

Qian Huang

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For Sale

$3,800,000

Well-maintained mixed-use property with diversified income streams and upside.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 3:16 pm

Property Features for 10116 39th Ave

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 2012

We can help!

Listing Contact

Qian Huang

Listing agent Qian Huang

Listing office Lin Pan Realty Group LLC

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Lin Pan Realty Group LLC

HighLights

High Net Operating Income (NOI) of approximately $181,000 annually.
Diversified income streams from medical office, residential units, and rooftop lease.
Strong rental demand in a convenient Queens location between Corona and Flushing.
Excellent transit score (85) and very walkable score (89), providing easy access to transportation, retail, and dining.
Well‑maintained building constructed in 2012.
Efficient building layout with six 1‑bedroom apartments and one 1‑bedroom unit with a large backyard.

Overview

This well-maintained mixed-use investment property offers stable cash flow in a convenient neighborhood near public transportation, retail, and dining. The property includes a ground-floor medical office and seven residential units, supplemented by rooftop lease income, providing diversified income streams. The building features a medical office and a 1-bedroom unit with a large backyard on the first floor, with six additional 1-bedroom apartments on the second, third, and fourth floors. Each residential floor contains two 1-bedroom units. The property generates approximately $207,000 in annual gross operating income, with estimated operating expenses of about $26,000, resulting in an approximate $181,000 Net Operating Income (NOI) annually. Located between Corona and Flushing, the property benefits from strong rental demand, proximity to major transportation routes, neighborhood retail corridors, and access to Manhattan. The location has a bike score of 70, indicating it is very bikeable, a walk score of 89, indicating it is very walkable, and a transit score of 85, indicating excellent transit. This property is an opportunity for investors seeking a stable income-producing property with upside potential in one of Queens’ active rental markets.

Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Location Insight

Map
Local Demand

City: Queens
County: Queens
State: New York
Longitude: -73.915197
Latitude: 40.748873

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For sale
Mixed-use properties
NY
Queens
11368
10116 39th Ave

What type of property is this?

Mixed-use property - Well-maintained mixed-use property with diversified income streams and upside.

Where is this mixed-use property located?

The property is located at 10116 39th Ave Queens, 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: High Net Operating Income (NOI) of approximately $181,000 annually.; Diversified income streams from medical office, residential units, and rooftop lease.; Strong rental demand in a convenient Queens location between Corona and Flushing.

10116 39th Ave, Queens, NY 11368

Well-maintained mixed-use property with diversified income streams and upside.

Property Features for 10116 39th Ave

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Spacious Two-Family Home in Queens

Spacious Multifamily Home with Pool

Detached Two-Family Brick Residence

Queens Village Multifamily Investment Property

Desirable Jackson Heights Multi-Family Home

Upgraded Six-Family Residence, Queens

Queens Two-Family Home Value-Add Opportunity

Mixed-Use Income Property with Parking

Renovated Triplex in Queens, NY

NYU Medical Investment Opportunity

Newly Renovated Two-Family Duplex

Sunnyside Corner Commercial Property For Sale

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