104-37 37th Road, Corona, NY 11368
Queens County
Key Facts
Description
Excellent investment opportunity in the heart of Corona, Queens! This 2004-built, well-maintained 4-family property offers approximately 4,480 SF of total building area, with each floor approximately 1,120 SF, and strong, stable rental income. The property consists of 4 residential units: • 1 Two-Bedroom / 1 Bath unit • 3 Three-Bedroom / 2 Bath units Additionally, the basement is fully finished. Total rental income is $11,200/month, approximately $134,400/year. All tenants are long-term, stable, and well-qualified. Property comes with 5 years remaining on tax abatement, significantly reducing carrying costs. Current property tax is $150/month, or $1,800/year. Water expense is $1,350 every 3 months, and garbage expense is $200/month. Tenants pay their own electricity and gas; landlord is responsible for water, property tax, and garbage only, keeping operating expenses low. Conveniently located just 5 minutes’ walk to the 7 Train station, offering easy access to Flushing and Manhattan. Close to shopping, schools, and neighborhood amenities. This is a turnkey investment — sold with all tenants in place as a package deal, as-is. No vacancies. Ideal for investors seeking immediate cash flow and long-term appreciation. A rare high-income-producing 4-family opportunity in Corona — don’t miss it!
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Year Built
2004
Living Area
4,480 sq ft
Lot Size
2,217 sq ft
Lot Dimensions
22.17 x 100
Garage Spaces
1
Days on Market
127
MLS® Listing#
965014
Property Features
Cooling
Heating
Basement
Parking
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Ps 143 Louis Armstrong
- Middle:
- Is 61 Leonardo Da Vinci
- High:
- Voyages Preparatory
Financial Details
Annual Taxes
$1,800
Parcel Number
01771-0027
Affordability Calculator
$357,600
Estimated monthly payment
$9,516/mo
Principal $1,430,400 · Est. interest $1,995,535 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Corona, NY
- $1,000,000
- Median Listing Price
- 103
- Median Days on Market
- 1,373
- Median Sq Ft
- $573
- Median Price / Sq Ft
- 151
- Active Listings
- This home’s price is 79% above the area median.
- Its price per sq ft is 30% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Corona, NY.
Location
Points of Interest in Corona, NY
Showing the Corona area map.
Nearby Schools
Our Lady of Sorrows Catholic Academy
School · 0.1 mi away
P. S. Q016 the Nancy Debenedittis School
Elementary · 0.3 mi away
Helen M. Marshall School
Elementary · 0.3 mi away
P. S. 330
Elementary · 0.3 mi away
Our World Neighborhood Charter School 3
Elementary · 0.3 mi away
Pioneer Academy
School · 0.4 mi away
Public School 143 Annex
School · 0.4 mi away
P. S. 143 Louis Armstrong
Elementary · 0.4 mi away
PS 19
Elementary · 0.4 mi away
PS 92
Elementary · 0.4 mi away
A Child's Place
Elementary · 0.4 mi away
Estela
Secondary · 0.4 mi away
MS 419
Secondary · 0.5 mi away
Tommie L. Agee Educational Campus
Secondary · 0.5 mi away
Mt Olivet Christian School
School · 0.5 mi away
The Riverview School
Secondary · 0.6 mi away
PS 110
Elementary · 0.6 mi away
Children's Big Apple
School · 0.6 mi away
PS 280
Elementary · 0.6 mi away
PS 149 Christa McAuliffe
Elementary · 0.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 10455 39th Avenue, Corona, NY | $1,798,000 | 11 | 5 | 3,100 |
| 55-05 98th Street, Corona, NY | $1,799,000 | 11 | 8 | 3,952 |
| 10431 37th Road, Corona, NY | $1,850,000 | 10 | 7 | 4,680 |
| 34-46 107th Street, Corona, NY | $1,868,000 | 13 | — | 2,480 |
| 5732 Xenia Street, Corona, NY | $1,900,000 | 15 | 6 | 3,630 |
Moving Cost Estimate
EXIT Agents in Corona
Listing Courtesy: Chase Global Realty Corp - 7183558788
Presented by: Lei Qiu
Fair Housing Notice