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.
Property Size1,584 SF
Days on Market137
Property Features for 9812 38th Avenue
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,050
Building Details
Building Size
1,584 SF
Year Built
1910
Tenancy
Multi
Listing Agency:
Winzone Realty Inc
Listed By:
Wen Z. Chen · License #10401296348
(646) 919-9033
Source:
Barbieliteam
Added: Jun 21
Changed: Oct 31
Last Checked: Nov 3 at 3:01PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$38,720
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,400
$774.4K
Cap Rate 7%
$553,143
$553.1K
Cap Rate 9%
$430,222
$430.2K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$73.2K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$70.4K $44.44/SF
− OpEx
−$31.7K −$20.00/SF
NOI
$38.7K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,400
Cap Rate 7%
$553,143
Cap Rate 9%
$430,222
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,556
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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
