10436-10438 38th Avenue
Jackson Heights, New York
$4,300,000 Price
28 Bedrooms   22.0 Baths

10436-10438 38th Avenue, Jackson Heights, New York

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 /...

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!

Courtesy of Douglas Elliman Real Estate

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Jackson Heights, New York
Type: House
Price: $4,300,000
Re Tax: $14,856
Last Updated: 4/24/2025
Web ID: 1111419226

Info & Amenities

Type: Single Family
Rooms: 54.0
Bedrooms: 28
Bathrooms: 22.0
Pets allowed: Yes