SOLD FOR $4,100,000
· Sold at asking price · Closed September 30, 2025
$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
Sale Details
Property Summary
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!
Property Details
Listing courtesy of BRUCE D FRIEDBERG at Douglas Elliman Real Estate. 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. This 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.