Mixed-Use Building with
For Sale
$3,780,000
98-07 37th Avenue, Corona, NY 11368
Five three-bedroom apartments sit above a commercial storefront, with separate utilities and in-unit laundry and split-system A/C.
Property Size3,600 SF
Lot Size0.06 Acres
Price / SF$1,050
Days on Market87
Property Features for 98-07 37th Avenue
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
3
Lot size
0.06 Acres
Property subtype
Commercial
Net Operating Income
$245,823
Financials
Cap Rate
6.5%
Gross Income
$283,284
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
5 x 3BR
Multifamily Units
5
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$17,310
Amenities
in-unit washer and dryer
split-system A/C
Building Details
Building Size
3,600 SF
Year Built
1930
Stories
1
Units
5
Construction
all-brick
Tenancy
Multi
Listing Agency:
New Group Realty Inc
(718) 255-9100
Listed By:
Xun Lin
(347) 387-9337
Source:
Croninreale
Added: Jul 30
Changed: Oct 23
Last Checked: Oct 23 at 3:44PM
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 New Group Realty Inc
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Investment Insights
Based on property information with market context.
This three-story, semi-detached brick property combines a storefront with five residential apartments, each configured with three bedrooms. The building measures 20 by 60 feet on a 25-by-100-foot lot and includes a full basement with a separate entrance. Three detached garages are also part of the property. The building has undergone a full gut renovation, and each apartment includes a washer and dryer, split-system A/C, and separate utility service.
The property is in a commercial corridor, steps from the #7 subway train and near multiple bus lines. All five apartments are described as free-market units. The property has five gas meters and six electric meters, and a stated 6.5% cap rate.
The property is in a commercial corridor, steps from the #7 subway train and near multiple bus lines. All five apartments are described as free-market units. The property has five gas meters and six electric meters, and a stated 6.5% cap rate.
Key Highlights
- One storefront and five three‑bedroom apartments
- Three‑story brick building, 20x60, on a 25x100 lot
- Full basement with separate entrance; three detached garages
Property Analytics
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Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,436
Businesses Nearby
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Business Placement
Demographics for 11368, NY
117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five three-bedroom apartments sit above a commercial storefront, with separate utilities and in-unit laundry and split-system A/C.
Where is this mixed-use property located?
The property is located at 98-07 37th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $3,780,000.
What are key features of this property?
This property features: One storefront and five three‑bedroom apartments; Three‑story brick building, 20x60, on a 25x100 lot; Full basement with separate entrance; three detached garages
