Seller's Agent in 2025
Bruce Friedberg
Douglas Elliman Real Estate
(914) 661-6005
1 in this area
4 Total Sales
10436 38th Ave Flushing, NY 11368
Corona Neighborhood
28
Beds
22
Baths
--
Sq Ft
--
Built
Highlights
- Cooling Available
- 1-Story Property
- 4-minute walk to 103 Street-Corona Plaza
About This Home
As of September 2025Prime Elmhurst Investment Opportunity - 7.5 Cap Rate!
-NOI 316,113
-Built in 2009:
-Not just 1 but 2 well-maintained 4-story, 8-unit and 7 unit multifamily buildings
-15 total apartments, 6 one beds / 5 two beds / 4 three beds
- 54 total rooms / 28 total bedrooms
- 7.5 cap rate in the heart of Corona, Queens
-benefits from 421a tax abatements / RET 1,237 month
-Spanning a total of 5,430 SF, sits on a 27 ft. x125 ft. and 20 ft. x 125ft. lots respectively
Fully occupied, the property features separately metered electric and gas.Each unit has its own independent heating system, ensuring low low operating costs. Strong rental income and a prime location make this an exceptional turn-key investment opportunity.
Do not miss out on this rare find- contact us today!
Last Agent to Sell the Property
Douglas Elliman Real Estate License #10301221448 Listed on: 04/07/2025
Last Buyer's Agent
Direct Deal Listing
Direct Deal License #A
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,856
Home Design
- Entry on the 1st floor
Interior Spaces
- 1-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 28 Bedrooms
- 22 Full Bathrooms
Utilities
- Cooling Available
Community Details
- Jackson Heights Subdivision
Listing and Financial Details
- Legal Lot and Block 0016 / 01824
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/01/2025 10/01/25 | Price Changed | $4,100,000 | 0.0% | -- |
| 09/30/2025 09/30/25 | Sold | $4,100,000 | -5.7% | -- |
| 06/23/2025 06/23/25 | Pending | -- | -- | -- |
| 05/29/2025 05/29/25 | Price Changed | $4,350,000 | +1.2% | -- |
| 05/22/2025 05/22/25 | Price Changed | $4,300,000 | +2.4% | -- |
| 05/13/2025 05/13/25 | Price Changed | $4,200,000 | -2.3% | -- |
| 04/24/2025 04/24/25 | Price Changed | $4,300,000 | +83.0% | -- |
| 04/07/2025 04/07/25 | For Sale | $2,350,000 | -- | -- |
Source: Real Estate Board of New York (REBNY)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,524 | $94,318 | $23,536 | $70,782 |
| 2024 | $7,524 | $91,391 | $27,357 | $64,034 |
| 2023 | $5,235 | $84,622 | $30,302 | $54,320 |
| 2022 | $3,227 | $322,200 | $121,500 | $200,700 |
| 2021 | $1,641 | $378,900 | $121,500 | $257,400 |
| 2020 | $1,669 | $378,900 | $121,500 | $257,400 |
| 2019 | $1,687 | $373,680 | $121,500 | $252,180 |
| 2018 | $1,701 | $65,094 | $16,932 | $48,162 |
| 2017 | $1,701 | $60,273 | $18,264 | $42,009 |
| 2016 | $1,725 | $60,273 | $18,264 | $42,009 |
| 2015 | $176 | $55,809 | $18,511 | $37,298 |
| 2014 | $176 | $54,078 | $21,535 | $32,543 |
Source: Public Records
Agents Affiliated with this Home
-
Bruce Friedberg
-
D
Buyer's Agent in 2025
Direct Deal Listing
Direct Deal
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20014681
APN: 01775-0012
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.
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