11239 38Th Ave Corona, NY 11368

This exceptional investment opportunity presents an eight-unit multifamily building located at 11239 38th Ave, Corona, NY. The property boasts a substantial 6,424 square feet of space, constructed in 2006, and sits on a 0-acre lot. The building's dimensions are 22 feet by 73 feet, providing ample living space for its eight residential units. A full basement offers additional storage and potential for expansion. Convenient off-street parking is available for four vehicles. The property's prime location is just two blocks from the 7 Train station, ensuring easy access to public transportation. A significant advantage is the presence of a 25-year tax abatement, offering substantial financial benefits to the owner. The building is equipped with individual hot water heaters for each unit. This property presents a compelling investment opportunity, particularly suitable for 1031 exchanges, due to its strong cash flow potential and strategic location. Motivated sellers are eager to facilitate a swift and efficient transaction. This is a rare chance to acquire a well-maintained, high-performing multifamily property in a rapidly developing area.