Tenant-Occupied
For Sale
$1,339,000
9812 38th Avenue, Corona, NY 11368
Detached two-family property with tenants in place near shops, restaurants, and the 7 train station.
Days on Market42
Property Features for 9812 38th Avenue
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
1,584 SF
Year Built
1910
Tenancy
Multi
Listing Agency:
Winzone Realty Inc
368
Listed By:
Wen Z. Chen · License #10401296348
Source:
Barbieliteam
Added: Jun 21
Changed: Jul 31
Last Checked: Aug 1 at 11:10AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This detached two-family property was built in 1910 and is being offered with tenants in place, as-is. The property is located at 9812 38th Avenue in Corona, New York.
The property is one block from Roosevelt Avenue and two short blocks from the Junction Boulevard 7 train station, with access to nearby shops and restaurants. Showings require 24 hours’ advance notice.
The property is one block from Roosevelt Avenue and two short blocks from the Junction Boulevard 7 train station, with access to nearby shops and restaurants. Showings require 24 hours’ advance notice.
Key Highlights
- Detached two‑family property built in 1910
- Selling with tenants in place, as‑is
- One block to Roosevelt Avenue
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.2k | $46.20 |
| − Vacancy | −$2.8k | −$1.76 |
| EGI | $70.4k | $44.44 |
| − OpEx | −$31.7k | −$20.00 |
| NOI | $38.7k | $24.44 |
1,584 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$553.1K
$484.0K – $645.3K
NOI $38,720 @ 7.0% cap · market cap 2.89%
Second Best
Multifamily LT 5
$374.5K
$327.7K – $437.0K
NOI $26,218 @ 7.0% cap · market cap 1.96%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,742 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,820
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family property with tenants in place near shops, restaurants, and the 7 train station.
Where is this duplex located?
The property is located at 9812 38th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,339,000.
What are key features of this property?
This property features: Detached two‑family property built in 1910; Selling with tenants in place, as‑is; One block to Roosevelt Avenue
