$4,100,000 SOLD - 10436-10438 38TH Avenue, Jackson Heights, NY 11368｜ SOLD
| Details | 28 bed, 22 bath |
| Taxes (per year) | $14,856 |
| Bus | 2 min: Q23 |
| 3 min: Q48 | |
| 8 min: Q72 | |
| 9 min: Q58, Q66 | |
| Subway | 2 min: 7 |
| LIRR | 1 miles: "Mets-Willets Point" |
| 1.7 miles: "Flushing Main Street" | |
 |
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!
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 The Real Estate Board of New York, Inc., All rights reserved.
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