40-42 Junction Blvd Flushing, NY 11368
Elmhurst NeighborhoodEstimated payment $13,648/month
Total Views
268
4
Beds
3
Baths
2,368
Sq Ft
$836
Price per Sq Ft
Highlights
- Main Floor Bedroom
- Hot Water Heating System
- 1-minute walk to Junction Boulevard
About This Home
Prime Mixed-Use Opportunity in the heart of Corona! Welcome to a rare investment opportunity in bustling Corona, Queens. With an R6B zoning designation, this detached mixed-use building is ideally situated on the high-traffic Junction Boulevard, offering prime visibility and steady foot traffic for commercial success- plus excellent residential income potential. Property Highlights: Ground Floor Commercial Space- Currently operating as a modern Dominican eatery, the restaurant enjoys a loyal local customer base. A finished basement provides ample storage or prep space, exclusively for restaurant use. Rear Ground Floor Residential Unit- A comfortable 2-bedroom, 1-bath apartment with a functional kitchen, and a combined living and dining area, ideal for rental or owner-occupancy. Second Floor Residential Unit- Spacious and well laid out, featuring 2-bedroom, 2-bathrooms, a full kitchen, living room, and family room, perfect for larger families or additional income. Conveniently located in Corona, this property is just steps from the Junction Blvd 7-train station, providing quick access to Manhattan and throughout Queens. Multiple bus lines, including Q72 serving the area, and major highways like the LIE and Grand Central Parkway are easily accessible for commuting. The building is within walking distance of quality schools in NYC's District 24, popular shopping centers such as Rego Park Mall, a wide variety of restaurants, and the expansive Flushing Meadows-Corona Park are all within close proximity.
Listing Agent
Skylux Realty Inc Brokerage Phone: 718-500-2231 License #10311210012 Listed on: 08/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $34,318
Year Built
- Built in 1931
Lot Details
- 2,526 Sq Ft Lot
Home Design
- Duplex
- Frame Construction
- Aluminum Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- Main Floor Bedroom
- 3 Full Bathrooms
Schools
- Ps 19 Marino Jeantet Elementary School
- Is 61 Leonardo Da Vinci Middle School
- Newtown High School
Utilities
- Cooling System Mounted To A Wall/Window
- Hot Water Heating System
- Heating System Uses Natural Gas
Additional Features
- Finished Basement
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 01596-0029
Map
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Home Values in the Area
Average Home Value in this Area
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 | $33,184 | $274,541 | $59,907 | $214,634 |
| 2024 | $33,184 | $265,431 | $59,643 | $205,788 |
| 2023 | $30,726 | $245,770 | $66,270 | $179,500 |
| 2022 | $27,843 | $253,800 | $67,950 | $185,850 |
| 2021 | $25,906 | $244,800 | $67,950 | $176,850 |
| 2020 | $26,057 | $267,300 | $67,950 | $199,350 |
| 2019 | $25,751 | $243,450 | $67,950 | $175,500 |
| 2018 | $24,046 | $189,054 | $63,018 | $126,036 |
| 2017 | $22,265 | $175,050 | $67,950 | $107,100 |
| 2016 | $20,943 | $175,050 | $67,950 | $107,100 |
| 2015 | $14,297 | $170,820 | $61,560 | $109,260 |
| 2014 | $14,297 | $160,200 | $67,950 | $92,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | For Sale | $1,980,000 | -- | $836 / Sq Ft |
Source: OneKey® MLS
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $9,023 | Commercial |
Source: Public Records
Similar Homes in the area
Source: OneKey® MLS
MLS Number: 899910
APN: 01596-0029
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The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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