$4,100,000
Updated a year ago
Sold

104-36/38 38th Ave

North Corona, Queens | 104th Street & 108th Street

54 Rooms28 Beds22 BathsIncome Property

$4,100,000
floors / apts4 / 15
Building TypeLow-Rise
RE Taxes$14,856

Building Amenities

  • Voice Intercom

Property Description for 104-36/38 38th Ave

Prime Elmhurst Investment Opportunity - 7.5 Cap Rate!

-NOI 316,113

-Built in 2009:

-Not just 1 but 2 well-maintained 4-story, 8-unit and 7 unit multifamily buildings

-15 total apartments, 6 one beds / 5 two beds / 4 three beds

- 54 total rooms / 28 total bedrooms

- 7.5 cap rate in the heart of Corona, Queens

-benefits from 421a tax abatements / RET 1,237 month

-Spanning a total of 5,430 SF, sits on a 27 ft. x125 ft. and 20 ft. x 125ft. lots respectively

Fully occupied, the property features separately metered electric and gas.Each unit has its own independent heating system, ensuring low low operating costs. Strong rental income and a prime location make this an exceptional turn-key investment opportunity.

Do not miss out on this rare find- contact us today!


Listing History for 104-36/38 38th Ave

Now
10/07/2025
$4,100,000
Sold and Closed by Bruce Friedberg
Douglas Elliman
08/27/2025
Contract Signed by Bruce Friedberg
Douglas Elliman

Building Details for 104-36/38 38th Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2009
Floors/Apts4/15
Learn More About the Building

Contact Agent

Contact Agent

Bruce Friedberg
Douglas Elliman
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 100330TH