$4,350,000
$2M PRICE INCREASE

10436 38th Ave Flushing, NY 11368

Corona Neighborhood

Estimated payment $25,263/month

Total Views 2,701
28 Beds
22 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • 1-Story Property
  • 4-minute walk to 103 Street-Corona Plaza

About This Home

Prime 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!

Listing Agent

Bruce Friedberg

Douglas Elliman Real Estate License #10301221448 Listed on: 04/07/2025

Douglas Elliman Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,856

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,856

Lot Details

0

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Jackson Heights
  • Entry Level: 1
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area Units: Square Feet
  • Rooms (Total): 54
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 22
  • Bathrooms Integer: 22
  • Bedrooms: 28

Exterior Features

  • View: Other
  • View: No
  • Exterior Features: Private Outdoor Space Over 60 Sqft
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Green Building
  • Cooling: Other
  • Cooling: Yes

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 0.0x0.0

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 1
  • Total Stories: 1

Tax Info

  • Tax Block: 01824
  • Tax Lot: 0016
  • Tax Annual: 14856.0

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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)

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20014681

Real Estate Board of New York (REBNY)

APN: 01775-0012

New York Queens County Flushing 11368 Corona

10436 38th Ave, Flushing, NY

This home is located at 10436 38th Ave, Flushing, NY 11368 and is currently priced at $4,350,000. 10436 38th Ave is a home located in Queens County with nearby schools including P.S. 16 the Nancy Debenedittis School, Is 61 Leonardo Da Vinci, and Flushing High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

RLS Data display by Homes.com LLC

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Listing Agent
Bruce Friedberg
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Douglas Elliman Real Estate
(929) 521-6165