9807 37th Avenue, Corona, NY 11368 - Photo 1

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$3,780,000 Just Listed

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Active
Commercial
Updated 1 day ago

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Property Description

Full gut renovated, semi-detached all-brick 3-story property boasting a 20x60 building size on a 25x100 lot, plus a full basement with separate entrance.High-yield layout features 1 prime storefront, 5 spacious residential apartments (ALL 3-Bedroom units), and 3 detached garages. Features separate utilities with 5 gas meters and 6 electric meters. Every unit is equipped with its own in-unit washer and dryer, split-system A/C. Strong cash-flowing investment property generating $283,284 in gross annual income with low annual expenses of $37,460, delivering an impressive Net Operating Income (NOI) of $245,823 and a 6.5% CAP rate. 100% FREE MARKET. Unbeatable location just steps from the #7 subway train and multiple bus lines in a high-foot-traffic commercial corridor. Must see!

Full Property Details

Full Property Details for 98-07 37th Ave

General

Price: $3,780,000
Taxes: $17,310
Status: Active
Type: Commercial
Source: Long_Island
MLS ID: 1032756
Updated: 7/31/2026
Added to Site: 2 day(s) ago

Parking

Parking Features: Detached, Garage

Location

County: Queens
Driving Directions: 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
Heating Type: Electric
Heating Zones: 6

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected

Structural Information

Detached/Attached: Attached
Construction: Brick
Basement: Yes
Basement Desc.: Full Basement, See Remarks, Storage Space
Stories/Levels: 1
Stories in Building: 1
Building Size: 3600
Square Feet: 3,600
Year Built: 1930

Financial Considerations

Tax Amount: $17,310

Disclosures and Reports

Special Conditions: None
Property ID: 01739-0033

Listed by New Group Realty Inc

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— 98-07 37th Ave —

New Group Realty Inc
New Group Realty Inc

718-255-9100

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Schools

Schools serving 98-07 37th Ave

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	0.3 mi
Corona Arts And Sciences Academy 98-11 44th Ave, Queens, NY 11368	6-8	0.5 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 98-07 37th Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

7/30/2026

Listed

$3,780,000

208.57%

MLS

12/17/2024

Sold

$1,225,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 98-07 37th Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$16,110

—

$139,160

8%

2024

$16,112

—

$128,879

-65%

2024

$16,112

3%

$370,440

197%

2023

$15,603

10%

$124,804

-68%

2022

$14,178

8%

$385,650

4%

2021

$13,131

6%

$372,150

-9%

2020

$12,365

—

$406,800

10%

2019

$12,365

9%

$369,900

285%

2017

$11,308

—

$96,003

8%

2017

$11,308

7%

$88,905

8%

2016

$10,616

8%

$82,343

8%

2015

$9,825

1%

$76,260

—

2014

$9,694

6%

$76,260

3%

2013

$9,187

—

$73,849

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

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9807 37th Avenue, Corona, NY 11368 (MLS# 1032756) is a Commercial property. 9807 37th Avenue is currently listed for $3,780,000 and was received on July 30, 2026. Want to learn more about 9807 37th Avenue? Do you have questions about finding other Commercial real estate for sale in Corona? You can browse all Corona real estate or contact a Coldwell Banker agent to request more information.

98-07 37th Ave Corona, NY 11368