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$2,680,000 Just Listed
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Property 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 by 215 &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.
Full Property Details
Full Property Details for 112-39 38th Ave
General
- Price: $2,680,000
- Taxes: $1,120
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 1050891
- Updated: 9/16/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Original Details
Rooms
Bathrooms
- Total Bathrooms: 9
- Full Bathrooms: 9
Bedrooms
- Total Bedrooms: 16
Parking
- Parking Features: Parking Lot
Location
- County: Queens
School Information
- High School District: Queens24
- Elementary School: Ps 143 Louis Armstrong
- Middle School: Corona Arts And Sciences Academy
- High School: High School For Arts & Business
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Connected
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement
- Building Size: 6424
- Square Feet: 6,424
- Year Built: 2006
Financial Considerations
- Tax Amount: $1,120
Disclosures and Reports
- Special Conditions: None
Listed by EXP Realty
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Schools
Schools serving 112-39 38th Ave
School District:New York City Geographic School District 24
| Name | Grades | Distance |
|---|---|---|
Ps 143 Louis Armstrong 34-74 113th St, Queens, NY 11368 | K-2 | 0.2 mi |
Is 61 Leonardo Da Vinci 98-50 50th Ave, Queens, NY 11368 | 6-8 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 112-39 38th Ave
Date
Details
Price
Change
Source
9/15/2026
Listed
$2,680,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 112-39 38th Ave
112-39 38Ave, Corona, NY 11368 (MLS# 1050891) is a Multi-Family property with 8 units containing 16 bedrooms and 9 full bathrooms. 112-39 38Ave is currently listed for $2,680,000 and was received on September 15, 2026. Want to learn more about 112-39 38Ave? Do you have questions about finding other Multi-Family real estate for sale in Corona? You can browse all Corona real estate or contact a Coldwell Banker agent to request more information.

