MLS#1008554
STATUSActive
PROPERTY TYPECommercial -
SCHOOLQueens24
Property Description
Prime Corona Investment Opportunity: Located in the heart of Corona, Queens, 99-11 42nd Avenue is a well-maintained, cash-flowing 6-family brick building perfect for savvy investors looking to maximize cash flow or execute a seamless 1031 exchange. The property features six residential units, consisting of five spacious 2-bedroom apartments and one comfortable 1-bedroom apartment, all configured with efficient, tenant-friendly layouts. Landlord overhead is kept low thanks to a total of 7 electric and 7 gas meters, providing separate utility ( cooking gas and Electric) setups for each individual unit so tenants pay their own expenses. The location is extremely convenient, situated just blocks from the 103rd St-Corona Plaza 7-train subway station, which offers a seamless commute directly into Midtown Manhattan and Long Island City. It's located in close proximity to a vibrant mix of local shopping, diverse dining options, community parks, and essential services ensuring a strong rental demand, making this a phenomenal income-generating asset to add to your real estate portfolio. With a gross annual revenue of $113,486 and a NOI of $62,982 after all expenses, this investment will allow you to cash flow immediately.
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Full, Partially Finished
Cooling: Wall/Window Unit(s)
Heating: Oil
Home Style: Mid Rise
Lot Size: 0.05 Acres
Stories: 3.0
Taxes: $21,372
Year Built: 1931
Feature Descriptions
Building Area Total: 5040
Exterior: Brick
Fuel Expense: 7454
Heating Units: 1
Heating Zones: 1
On Market Date: 2026-06-05
Other Expense: 3600
Parcel Number: 01616-0058
Parking Features: None
Parking Total: 0
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 7
Separate Gas Meters: 7
Sewer: Public Sewer
Units: 6
Utilities: Electricity Connected, Natural Gas Connected
Water: Public
Local Schools
High School: High School For Arts & Business
Elementary School: Ps 19 Marino Jeantet
School District: Queens24
Listed By / Shown By
Listing By
Agency Name: Keller Williams Landmark II
Agency Contact: 347-846-1200
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
Disclaimer:
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99-11 42 Avenue | MLS# 1008554
This commercial property located at 99-11 42 Avenue , Corona, NY 11368 is currently listed for sale with an asking price of $965,000. 99-11 42 Avenue is located within the Queens24 school district. Search Corona real estate on www.coldwellbankerchoice.com today.