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Apartment Building with Storefront
For Sale
$3,780,000

9807 37TH Avenue, Corona, NY 11368

Residential Income, Corona, NY

Property SizeContact for details
Lot Size0.06 Acres
Days on Market33

Property Features for 9807 37TH Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Rooms Basement
Parking 3
Parking features Garage
Interior features High Ceilings, Open Kitchen, Washer/Dryer Hookup
Basement Storage Space, Full
Elementary school Ps 19 Marino Jeantet
Middle school Is 61 Leonardo Da Vinci
High school Newtown High School
Elementary school district Queens 24
Middle school district Queens24
High school district Queens24
Directions Google Maps
Standard status Active
APN 01739-0033
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 17310

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Multi Units, Electric
Water source Public

Amenities

in-unit washer and dryer
split-system A/C

Building Details

Year built 1930
Number of units 6
Building materials Brick
Listing Agency: New Group Realty Inc
Listed By: Xun Lin
Added: Jul 30 Changed: Aug 28 Last Checked: Aug 31 at 3:06PM
MLS# 1032789

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Gut-renovated in brick, this three-story, semi-detached apartment building measures 20 x 60 feet on a 25 x 100-foot lot and includes a full basement with a separate entrance. The layout contains one storefront, five three-bedroom apartments, and three detached garages. All apartments are identified as free-market units and include in-unit washers and dryers, split-system air conditioning, and separate utility service. The property has five gas meters and six electric meters, along with public water and sewer. Built in 1930, the building features high ceilings, open kitchens, and electric heating. It is located in Corona near the No. 7 subway train and multiple bus lines. A 6.5% cap rate is reported for the property.

Key Highlights

  • Five three‑bedroom apartments plus one storefront and three detached garages
  • 20 x 60‑foot building on a 25 x 100‑foot lot
  • Full basement with separate entrance

Property Analytics

Current Use

Bellas Nail Salon ... Nail Salon

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

5,608
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Gut-renovated brick property combines a commercial storefront, free-market apartments, detached garages, and individual unit utilities.
Where is this apartment building located?
The property is located at 9807 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: Five three‑bedroom apartments plus one storefront and three detached garages; 20 x 60‑foot building on a 25 x 100‑foot lot; Full basement with separate entrance
More about this property
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