For Sale Multi-Family MLS# 1032756

98-07 37th Avenue

Corona, NY 11368

$3,780,000

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About 98-07 37th Avenue

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 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. Unbeatable location just steps from the #7 subway train and multiple bus lines in a high-foot-traffic commercial corridor. Must see!

Property details

Property

Type
multi
Year built
1930
Living area
3,600 sqft
Price / sqft
$1,050
List date
Jul 30, 2026

Schools

District
New York City Department Of Education

Location

Subdivision
Corona
Neighborhood
Corona

Location

Neighborhood
Corona
School district
New York City Department Of Education

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Listed by New Group Realty Inc

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.