Located approximately five minutes from the subway, this legal eight-family property offers strong rental income and excellent long-term investment potential. Property Highlights: Legal 8-family building, Solid brick construction, built in 2006 Four stories Approximately 6,424 sq. ft. of building area Approximately 22 by 215 &73 ft. building dimensions Approximately 25 ft. lot frontage Each apartment features approximately 2 bedrooms and 1 bathroom Approximately 16 bedrooms and 9 bathrooms in total Full finished basement Backyard parking for approximately four vehicles Approximately six years remaining on the property-tax abatement Current total rental income: approximately $235,000 per year o Tenants pay all utilities and expenses o Easy-to-maintain all-brick construction o Approximately five minutes from the subway An excellent opportunity for long-term rental income, portfolio expansion, or a 1031 Exchange.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 21, 2026 9:21 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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More Info

Basic Information

Attribution Contact 888-276-0630
Days On Market 1
List Price$2,680,000
OneKey® MLS1050891
Mls Status Active

Location

Address112-39 38ave
Building Number112-39
CountyQueens
StateNY
Street38AVE
TownCorona
Zip11368

Amenities

BasementFull
Other AmenitiesBasement

Other

Date Listed09/15/2026

Tax Information

Taxes$1,120

Parking

Parking Features Parking Lot
Parking Spaces

Rooms

Bathroom9
Bedrooms16
Full Bath9

Building

Basement YN Yes
Building ConstructionBrick
Units8
Year Built2006

Property Information

Property Attached YN Yes

Water Body

Water AccessPublic

School Information

Elementary SchoolPs 143 Louis Armstrong
High SchoolHigh School For Arts & Business
High School DistrictQueens24
Junior HighCorona Arts And Sciences Academy

Basic Information

Property SubTypeTriplex
Property TypeResidential Income
StatusActive

Interior

Interior Features Original Details

Utilities

Cooling Wall/Window Unit(s)
Heating FuelNatural Gas
Utilities Natural Gas Connected
Waste Water DisposalPublic Sewer

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Amo Realty - NYC