Buy with Yoreevo
$3,733,500
List Price: $3,800,000
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10116 39th Avenue
House in North Corona •  building info
studio • 2,500ft² $1,520 per ft²
Buy with Yoreevo

$3,733,500

List Price

$3,800,000

Key Details
Listed today
Last price change
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Estimated payment
$21,449/mo
Taxes
$944/mo
Maintenance
N/A
Description
Located at 101-16 39th Avenue, Corona / Flushing, Queens built 2012, this well-maintained mixed-use investment property offers strong and stable cash flow in a highly convenient neighborhood near public transportation, retail, and dining. The property consists of one medical office on the ground floor and seven residential units, along with additional rooftop lease income, providing diversified income streams for investors. The building layout includes a medical office and one 1-bedroom unit with a large backyard on the first floor, followed by six additional one-bedroom apartments across the second, third, and fourth floors. Each residential floor contains two well-configured 1-bedroom units, making the building efficient to manage and highly rentable in this demand-driven Queens location. The property generates approximately $207,000 in annual gross operating income, with estimated operating expenses of about $26,000, resulting in an attractive Net Operating Income (NOI) of approximately $181,000 annually. Situated between Corona and Flushing, the property benefits from strong rental demand, proximity to major transportation routes, neighborhood retail corridors, and easy access to Manhattan. This is an excellent opportunity for investors seeking a stable income-producing property with upside potential in one of Queens' most active rental markets.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$3,800,000
Asking Price: $3,800,000
Term
30 Years
Down Payment
$380,000 (10%)
Min: 10% (380,000)
Rate
6.0 %
Mortgage Amount
$3,420,000
Mortgage Payment
$20,505
Taxes
$944
Estimated Yoreevo rebate
$66,500
Estimated closing cost
$146,000
Total monthly cost $21,449
Buy your dream home with us and get an estimated $66,500 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Lin Pan Realty Group

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