99-11 42 Avenue, Corona, NY

$965,000

Previous Next

5,040

Square feet

About 99-11 42 Avenue

Prime Corona Investment Opportunity: Located in the heart of Corona, Queens, 99-11 42nd Avenue is a well-maintained, cash-flowing 6-family brick building perfect for savvy investors looking to maximize cash flow or execute a seamless 1031 exchange. The property features six residential units, consisting of five spacious 2-bedroom apartments and one comfortable 1-bedroom apartment, all configured with efficient, tenant-friendly layouts. Landlord overhead is kept low thanks to a total of 7 electric and 7 gas meters, providing separate utility ( cooking gas and Electric) setups for each individual unit so tenants pay their own expenses. The location is extremely convenient, situated just blocks from the 103rd St-Corona Plaza 7-train subway station, which offers a seamless commute directly into Midtown Manhattan and Long Island City. It’s located in close proximity to a vibrant mix of local shopping, diverse dining options, community parks, and essential services ensuring a strong rental demand, making this a phenomenal income-generating asset to add to your real estate portfolio. With a gross annual revenue of $113,486 and a NOI of $62,982 after all expenses, this investment will allow you to cash flow immediately.

Features of 99-11 42 Avenue

MLS® # 1008554
Price $965,000
Square Footage 5,040
Taxes $21,372
Year Built 1931
Type Commercial Sale
Sub-Type Multi Family
Style Mid Rise
Status Active

Community Information

Address 99-11 42 Avenue
City Corona
County Queens
State NY
Zip Code 11368
Adult 55+ Community No

Amenities

Utilities Electricity Connected, Natural Gas Connected
Parking None
Is Waterfront No
Has Pool No

Interior

Heating Oil
Cooling Wall/Window Unit(s)
Has Basement Yes
Basement Full, Partially Finished
Fireplace No
# of Stories 3

Exterior

Exterior Brick

School Information

District Queens24
Elementary Ps 19 Marino Jeantet
High High School For Arts & Business

Additional Information

Date Listed June 4th, 2026
Days on Market 126
Zoning R6B
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Landmark II
Contact Info347-846-1200

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?