Rachel Geraghty
Assistant Manager & Licensed Sales Person
REALTOR®
BEDS16
BATHS9 full
MLS#1050891
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens24
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 à? 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 abatementCurrent 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 subwayAn excellent opportunity for long-term rental income, portfolio expansion, or a 1031 Exchange.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Taxes: $1,120
Year Built: 2006
Amenities
Original Details
Feature Descriptions
Building Area Total: 6424
Exterior: Brick
On Market Date: 2026-09-15
Parking Features: Parking Lot
Property Attached Y/N: 1
Rental Term: Monthly
Senior Community Y/N: Yes
Sewer: Public Sewer
Units: 8
Utilities: Natural Gas Connected
Water: Public
Local Schools
High School: High School For Arts & Business
Middle School: Corona Arts And Sciences Academy
Elementary School: Ps 143 Louis Armstrong
School District: Queens24
Estimate Your Payment
Estimated Payment
$ 14,426.54 per month $13,551.54 Principal & Interest $93.33 Property Tax $781.67 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: EXP Realty
Agency Contact: 888-276-0630
Shown By
Agent Name: Rachel Geraghty
Agent Phone: Cell: (516) 318-8172
Agency Title: Coldwell Banker American Homes
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112 38ave | MLS# 1050891
This multi-family property located at 112 38ave, Corona, NY 11368 is currently listed for sale with an asking price of $2,680,000. 38ave is located within the Queens24 school district. Search Corona real estate on rgeraghty.cbamhomes.com today.