99-11 42 Avenue,Corona, NY 11368
Corona, NY 11368
Description
Prime Corona Investment Opportunity: Located in the heart of Corona, Queens, 99-11 42nd Avenue is a well-maintained, cash-flowing 6-family brick building perfect for savvy investors looking to maximize cash flow or execute a seamless 1031 exchange. The property features six residential units, consisting of five spacious 2-bedroom apartments and one comfortable 1-bedroom apartment, all configured with efficient, tenant-friendly layouts. Landlord overhead is kept low thanks to a total of 7 electric and 7 gas meters, providing separate utility ( cooking gas and Electric) setups for each individual unit so tenants pay their own expenses. The location is extremely convenient, situated just blocks from the 103rd St-Corona Plaza 7-train subway station, which offers a seamless commute directly into Midtown Manhattan and Long Island City. It’s located in close proximity to a vibrant mix of local shopping, diverse dining options, community parks, and essential services ensuring a strong rental demand, making this a phenomenal income-generating asset to add to your real estate portfolio. With a gross annual revenue of $113,486 and a NOI of $62,982 after all expenses, this investment will allow you to cash flow immediately.
Details
| MLS # | 1008554 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 96 |
| Listing Provided By | Keller Williams Landmark II | George C. Arnaudov |
Features
| SQ Feet | 5,040 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 6 |
| Building(s) | 1 |
| Zoning | R6B |
| Acreage | 0.05 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Oil |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | None |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2026 |
|---|---|
| Tax Assessed Value | 386100 |
| Tax Annual Amount | 21372 |
| Tax Lot | 58 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Corona |
| Zip Code | 11368 |
| School District | High School For Arts & Business |
| Elementary School | Ps 19 Marino Jeantet |
| High School | High School For Arts & Business |
| Listing VS Median (in 11368) | |
Price: $965,000 low | high Med: $999,900 sqft: 5,040 low | high Med: 2,000 $ / sqft: $191 low | high Med: $500 On site: 96 low | high Med: 57 | |
Market Activity 11368
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Corona |
| Zip Code | 11368 |
| School District | High School For Arts & Business |
| Elementary School | Ps 19 Marino Jeantet |
| High School | High School For Arts & Business |
| Listing VS Median (in 11368) | |
Price: $965,000 low | high Med: $999,900 sqft: 5,040 low | high Med: 2,000 $ / sqft: $191 low | high Med: $500 On site: 96 low | high Med: 57 | |
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