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    Brick Multifamily Building Near Train Title is generated by Realmo AI

    11239 38th Ave, Queens, NY 11368

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    For Sale
    $2,800,000

    Multifamily building with tax abatement near 7 Train station.

    Type:Commercial
    Lot size:
    0.07 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    119
    Last Refresh:
    Jul 3 at 2:32 am

    Property Features for 11239 38th Ave

    General Information

    Standard status
    Active
    Lot size
    0.07 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2006

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    Xiaoling Li

    Listing office

    Listing date Mar 11, 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 Xiaoling Li

    HighLights

    • 25‑Year Tax Abatement
    • Eight 2‑Bedroom, 1‑Bath Apartment Units
    • Two Blocks from 7 Train Station
    • Full Finished Basement
    • Four‑Car Parking Space
    • Built in 2006

    Overview

    Constructed in 2006, this brick building contains 8 apartment units. Each unit features 2 bedrooms and 1 bathroom. The property includes a full finished basement and 4 parking spaces located in the back. Situated two blocks from the 7 Train station, the property benefits from a convenient location. It also features a 25-year tax abatement, offering potential financial benefits. This property is suitable for investment and 1031 exchange purposes.
    Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Nursing Home Nursing Home Adult Day Care Pet Grooming Service Clothing & Fashion Store Garden Center Buffet (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tanning Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.9289
    Latitude
    40.7529

    FAQs

    What type of property is this?
    Apartment building - Multifamily building with tax abatement near 7 Train station.
    Where is this apartment building located?
    The property is located at 11239 38th Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: 25‑Year Tax Abatement; Eight 2‑Bedroom, 1‑Bath Apartment Units; Two Blocks from 7 Train Station
    More about this property
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