Tara Downing
Call: (516) 317-5303
Text: (516) 317-5303
MLS#1032789
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens24
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 corner 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 with zero rent stabilization. Unbeatable location just steps from the #7 subway train and multiple bus lines in a high-foot-traffic commercial corridor. Must see!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Storage Space
Cooling: Electric, Multi Units
Garage: 3
Heating: Electric, Other
Taxes: $17,310
Year Built: 1930
Amenities
High Ceilings
Open Kitchen
Other
Washer/Dryer Hookup
Feature Descriptions
Building Area Total: 3600
Exterior: Brick
GarageY/N: Yes
On Market Date: 2026-07-30
Parcel Number: 01739-0033
Parking Features: Detached, Garage
Parking Total: 3
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 6
Separate Gas Meters: 5
Sewer: Public Sewer
Units: 6
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Newtown High School
Middle School: Is 61 Leonardo Da Vinci
Elementary School: Ps 19 Marino Jeantet
School District: Queens24
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Estimated Payment
$ 10,957.64 per month $8,412.64 Principal & Interest $1,442.50 Property Tax $1,102.50 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: New Group Realty Inc
Agency Contact: 718-255-9100
Shown By
Agent Name: Tara Downing
Agent Phone: (516) 317-5303
Agency Title: Laffey Real Estate
9807 37th Avenue | MLS# 1032789
This multi-family property located at 9807 37th Avenue, Corona, NY 11368 is currently listed for sale with an asking price of $3,780,000. 37th Avenue is located within the Queens24 school district. Search Corona real estate on taradowning.laffey.com today.