112 38ave

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 112-01 38th Ave, Flushing, NY 11368, USA
New York & Tri-State + Apartment Buildings
Created date: September 15, 2026
Date last updated: September 15, 2026
Price: $2,680,000Investment Analyzer NEW!

Property Description

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 * 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 - Tenants pay all utilities and expenses - Easy-to-maintain all-brick construction - Approximately five minutes from the subway An excellent opportunity for long-term rental income, portfolio expansion, or a 1031 Exchange.
Availabletick-green

Request Information

Broker Details

Li H. Xu
Li H. Xu

eXp Realty (888) 276-0630 MLS ID: 206580 State License Number: 10401337318

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,680,000
No. of Units: 8
Year Built: 2006
Opportunity Zone: No
Price per unit: $335,000
Property Website Click Here
Number of Bedrooms: 16
Number of Bathrooms: 9
Address: 112 38ave, Corona, NY 11368, USA
Provided by:
Standard Status: Active
MLS Listing Number: 1050891
ID: 3yd-MLSLINY-1050891
Copyright Disclaimer: Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

218 23RD Street, Unit 0

218 23RD Street, Unit 0

Brooklyn, New York
New York & Tri-State + Apartment Buildings
Price: $2,100,000
309 S 2nd Avenue S

309 S 2nd Avenue S

Highland Park, New Jersey
New York & Tri-State + Apartment Buildings
Price: $899,000
702 Saint John Street

702 Saint John Street

Allentown City, Pennsylvania
New York & Tri-State + Apartment Buildings
Units: 7
Price: $899,000

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up