This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$1,750,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Prime Mixed-Use Opportunity in the heart of Corona! Welcome to a rare investment opportunity in bustling Corona, Queens. With an R6B zoning designation, this detached mixed-use building is ideally situated on the high-traffic Junction Boulevard, offering prime visibility and steady foot traffic for commercial success- plus excellent residential income potential. Property Highlights: Ground Floor Commercial Space- Currently operating as a modern Dominican eatery, the restaurant enjoys a loyal local customer base. A finished basement provides ample storage or prep space, exclusively for restaurant use. Rear Ground Floor Residential Unit- A comfortable 2-bedroom, 1-bath apartment with a functional kitchen, and a combined living and dining area, ideal for rental or owner-occupancy. Second Floor Residential Unit- Spacious and well laid out, featuring 2-bedroom, 2-bathrooms, a full kitchen, living room, and family room, perfect for larger families or additional income. Conveniently located in Corona, this property is just steps from the Junction Blvd 7-train station, providing quick access to Manhattan and throughout Queens. Multiple bus lines, including Q72 serving the area, and major highways like the LIE and Grand Central Parkway are easily accessible for commuting. The building is within walking distance of quality schools in NYC's District 24, popular shopping centers such as Rego Park Mall, a wide variety of restaurants, and the expansive Flushing Meadows-Corona Park are all within close proximity.
Full Property Details
Full Property Details for 40-42 Junction Blvd
General
- Sold For: $1,750,000
- Taxes: $34,318
- Status: Closed
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 899910
- Added to Site: 159 day(s) ago
Interior
- Interior Features: First Floor Bedroom, First Floor Full Bath, Other
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Location
- County: Queens
- Cross Streets: 41st Ave
- Driving Directions: Please refer to Google Maps
School Information
- High School District: Queens24
- Elementary School: Ps 19 Marino Jeantet
- Middle School: Is 61 Leonardo Da Vinci
- High School: Newtown High School
Heating & Cooling
- Cooling Type: Multi Units, Wall/Window Unit(s)
- Heating Type: Hot Water, Natural Gas, Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Aluminum Siding, Frame, Other
- Basement: Yes
- Basement Desc.: Finished
- Building Size: 2368
- Square Feet: 2,368
- Year Built: 1931
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,526
Financial Considerations
- Tax Amount: $34,318
Disclosures and Reports
- Special Conditions: None
- Property ID: 01596-0029
Listed by Skylux Realty Inc
Sold by Skylux Realty Inc
Get Pre-Approved Today
Schools
Schools serving 40-42 Junction Blvd
School District:New York City Geographic School District 24
| Name | Grades | Distance |
|---|---|---|
Ps 19 Marino Jeantet 98-02 Roosevelt Ave, Queens, NY 11368 | K-5 | 0.1 mi |
Is 61 Leonardo Da Vinci 98-50 50th Ave, Queens, NY 11368 | 6-8 | 0.5 mi |
Newtown High School, Queens, NY 48-01 90th St, Queens, NY 11373 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40-42 Junction Blvd
Date
Details
Price
Change
Source
12/22/2025
Sold
$1,750,000
-11.62%
MLS
8/11/2025
Listed
$1,980,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
40-42 Junction Boulevard, Corona, NY 11368 (MLS# 899910) is a Multi-Family property that was sold at $1,750,000 on December 22, 2025. Want to learn more about 40-42 Junction Boulevard? 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.

