112 38ave Corona, NY 11368
Listing by: ONEKEY as distributed by MLS GRID / Listed By: eXp Realty - Contact:  888-276-0630

  112 38ave Corona, NY 11368

Active
$2,680,000 (USD)
16
BED
9
BATH
6,424
SQFT

Description

Located approximately five minutes from the subway, this legal eight-family property offers strong rental income and excellent long-term investment potential.
Property Highlights: Legal 8-family building, Solid brick construction, built in 2006
Four stories Approximately 6,424 sq. ft. of building area Approximately 22 × 73 ft. building dimensions
Approximately 25 ft. lot frontage Each apartment features approximately 2 bedrooms and 1 bathroom
Approximately 16 bedrooms and 9 bathrooms in total Full finished basement Backyard parking for approximately four vehicles Approximately six years remaining on the property-tax abatement
Current total rental income: approximately $235,000 per year
• Tenants pay all utilities and expenses
• Easy-to-maintain all-brick construction
• Approximately five minutes from the subway

An excellent opportunity for long-term rental income, portfolio expansion, or a 1031 Exchange.

MLS #:
1050891
Taxes
$1,120(2026)
Type
Multifamily
Year Built
2006
School District
Queens24
County
Queens County

Listed By

Li H. Xu, eXp Realty, Contact: 888-276-0630
Source
ONEKEY
Last checked Sep 15 2026 at 6:02 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 9
Interior Features
  • Original Details
Senior Community
  • Yes
Heating and Cooling
  • Natural Gas
  • Wall/Window Unit(s)
Basement Information
  • Full
Utility Information
  • Utilities: Natural Gas Connected
  • Sewer: Public Sewer
School Information
  • Elementary School: Ps 143 Louis Armstrong
  • Middle School: Corona Arts and Sciences Academy
  • High School: High School for Arts & Business
Parking
  • Parking Lot
Additional Information: eXp Realty | 888-276-0630
Location
   
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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Based on information submitted to the MLS GRID as of 9/15/2026 18:02. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.