$4,100,000
10436-10438 38TH Avenue
MLS® #RLS20014681
Listing by Douglas Elliman Real Estate
28
Bedrooms
22
Baths
N/A
Sq. Ft.
N/A
Year Built
Quick Summary
Property Highlights
- Views: Other
- Climate Control: Other
Property Details
Description
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!
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Building Information
Financial Details
About Jackson Heights
View All Jackson Heights ListingsJackson Heights is a landmarked planned community originally built in the early 1900s, featuring prewar garden cooperatives with interior courtyards that are listed on the National Register of Historic Places. Approximately 80% of the housing stock consists of co-ops, with the remainder split among attached single-family homes, multi-family row houses, and detached residences, all served by the 7, E, F, M, and R trains at the Roosevelt Avenue hub. Travers Park provides green space, and the commercial corridors along Roosevelt Avenue and 37th Avenue anchor the neighborhood's retail activity.
Jackson Heights Live Market Data
View NeighborhoodActive Listings
55
Median Asking Price
$425K
Median $/Sqft
$605
Avg Days on Market
N/A
New This Week
4
Price Reduced
20%
Sold (30 Days)
10
Median Sale Price
$458K
Live data from RLS at REBNY • Updated 3/25/26, 4:30 AM EST
Location
10436-10438 38TH Avenue, Jackson Heights, Queens County
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Listing Courtesy of Douglas Elliman Real Estate - BRUCE D FRIEDBERG
Listing Contact: (914) 661-6005
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 3/25/2026 at 8:30 AM UTC