Cathleen Whelan
BEDS0
BATHS
MLS#1032756
STATUSActive
PROPERTY TYPECommercial -
SCHOOLQueens24
Property Description
Full gut renovated, semi-detached all-brick 3-story property boasting a 20x60 building size on a 25x100 lot, plus a full basement with separate entrance.High-yield layout features 1 prime corner storefront, 5 spacious residential apartments (ALL 3-Bedroom units), and 3 detached garages. Features separate utilities with 5 gas meters and 6 electric meters. Every unit is equipped with its own in-unit washer and dryer, split-system A/C. Strong cash-flowing investment property generating $283,284 in gross annual income with low annual expenses of $37,460, delivering an impressive Net Operating Income (NOI) of $245,823 and a 6.5% CAP rate. 100% FREE MARKET with zero rent stabilization. Unbeatable location just steps from the #7 subway train and multiple bus lines in a high-foot-traffic commercial corridor. Must see!
Property Features
Property Type: Commercial -
Basement: Full, See Remarks, Storage Space
Basement: Yes
Cooling: Multi Units
Heating: Electric
Stories: 1.0
Taxes: $17,310
Year Built: 1930
Feature Descriptions
Building Area Total: 3600
Exterior: Brick
Heating Zones: 6
On Market Date: 2026-07-30
Parcel Number: 01739-0033
Parking Features: Detached, Garage
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 6
Separate Gas Meters: 5
Sewer: Public Sewer
Units: 5
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Newtown High School
Middle School: Is 61 Leonardo Da Vinci
Elementary School: Ps 19 Marino Jeantet
School District: Queens24
Listed By / Shown By
Listing By
Agency Name: New Group Realty Inc
Agency Contact: 718-255-9100
Shown By
Agent Name: Cathleen F. Whelan
Agent Phone: Cell: (631) 786-2713
Agency Title: Howard Hanna | Coach Realtors
9807 37th Avenue | MLS# 1032756
This commercial property located at 9807 37th Avenue, Corona, NY 11368 is currently listed for sale with an asking price of $3,780,000. 37th Avenue is located within the Queens24 school district. Search Corona real estate on cwhelan.coachrealtors.com today.