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99-11 42 Avenue , Corona, NY 11368

$965,000

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27 Total Photos [Click to View All]

New to the Market

BEDS0 BATHS MLS#1008554

STATUSActive PROPERTY TYPECommercial - SCHOOLQueens24

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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.

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.laffey.com today.

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

Days on Site: 1

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

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55 Northern Blvd
Greenvale, NY 11548

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99-11 42 Avenue , Corona, NY 11368

Property Description

99-11 42 Avenue | MLS# 1008554

Property Features

Feature Descriptions

Local Schools

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99-11 42 Avenue , Corona, NY 11368

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