Jason Peña

112-42 38 Avenue, Corona, NY 11368

$2,880,000
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Jason Peña
Call: (516) 604-6644
Text: (516) 604-6644

BEDS0 BATHS MLS#1031301
STATUSActive PROPERTY TYPECommercial - SCHOOLContact Agent
Call / Text / Map Listing / Print / Share / Email

Property Description

Excellent Investment OpportunityPrime location with strong appreciation potential as the nearby casino development moves forward.All units rented at market rates.Property DetailsLot Size: 25' 100'Building Size: 25' 51' (Approx. 5,294 SF)Built in 2018Zoning: R6Unit Mix6 Two-Bedroom / One-Bath units2 One-Bedroom / One-Bath unitsA neighboring building with the same layout has already been converted into 8 individual condominium units, generating an estimated $3 million in net profit.Separate Utilities8 Water Meters8 Gas Meters9 Electric Meters8 Heating Systems8 Hot Water HeatersInvestment HighlightsFully occupied with excellent tenantsRent receipts available (no written leases)Potential for future rent increasesAnnual Gross Income: Approx. $210,000Estimated Cap Rate: 5% - 6%Outstanding LocationJust a 2-block walk to the bustling Roosevelt Avenue / 7 Train station.Close to supermarkets, restaurants, Citi Field, and numerous neighborhood amenities.

112-42 38 Avenue | MLS# 1031301

This commercial property located at 112-42 38 Avenue, Corona, NY 11368 is currently listed for sale with an asking price of $2,880,000. 112-42 38 Avenue is located within the Contact Agent school district. Search Corona real estate on jasonpena.laffey.com today.

Property Features

Property Type: Commercial -
Basement: Yes
Basement: Partial
Cooling: Electric
Heating: Natural Gas
Lot Size: 0.06 Acres
Taxes: $44,424
Year Built: 2018

Feature Descriptions

Building Area Total: 5464
Days on Site: 65
Exterior: Brick
On Market Date: 2026-07-27
Parcel Number: 01785-0020
Parking Features: None
Rental Term: Monthly
Sewer: Public Sewer
Units: 8
Utilities: See Remarks
Water: Public

Local Schools

School District: Contact Agent

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Preferred Communication Method

Listed By / Shown By

Listing By

Agency Name: E Realty International Corp
Agency Contact: 718-886-8110

Shown By

Agent Name: Jason Peña
Agent Phone: (516) 604-6644
Agency Title: Laffey Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/01/2026. The listing information on this page last changed on 10/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 10/01/2026 12:06:50 AM EST) or OneKey MLS (last updated Thu 10/01/2026 12:00:27 AM EST). Real estate listings held by brokerage firms other than Laffey Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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