BEDS4
BATHS
MLS#1020421
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLContact Agent
Property Description
Prime mixed-use investment opportunity located on the busy 37th Avenue commercial corridor in Corona. This approximately 2,608 SF property, with a building dimension of approximately 19.5' à? 68', consists of a ground-floor retail space currently occupied by a barber shop and two 2-bedroom residential apartments above. Situated on a 19.5' à? 101' lot with R6B zoning and a C1-4 commercial overlay, the property offers stable in-place income, low annual real estate taxes, and excellent long-term investment potential.All tenants are currently on month-to-month tenancies. The second-floor residential apartments have been renovated in recent years. All residential units are separately metered, with tenants responsible for their own utilities, contributing to an efficient, low owner-expense operating structure.Conveniently located near the 7 subway line, major bus routes, shopping, restaurants, schools, and everyday conveniences, the property benefits from strong pedestrian traffic and consistent residential and commercial demand. The mixed-use zoning further enhances the property's long-term value and future upside potential, subject to buyer verification.All information is deemed reliable but not guaranteed. Prospective buyers are encouraged to independently verify all information, including building size, income, expenses, zoning, permitted use, and future development potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Storage Space
Cooling: Wall/Window Unit(s)
Heating: Electric
Lot Size: 0.05 Acres
Taxes: $7,649
Year Built: 1931
Amenities
First Floor Full Bath
Feature Descriptions
Building Area Total: 2602
Cap Rate: 6
Exterior: Brick
Heating Units: 3
On Market Date: 2026-06-30
Parcel Number: 01762-0006
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 3
Separate Gas Meters: 2
Sewer: Public Sewer
Tenant Pays: All Utilities, Electricity, Gas, Heat
Units: 3
Utilities: Electricity Connected, Natural Gas Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Contact Agent
Elementary School: Contact Agent
School District: Contact Agent
Estimate Your Payment
Estimated Payment
$ 9,724.03 per month $8,591.07 Principal & Interest $637.42 Property Tax $495.54 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: B Square Realty
Agency Contact: 646-889-9988
Shown By
Agent Name: Joseph Maggio
Agent Phone: (516) 302-8500
Agency Title: Coldwell Banker American Homes
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99-12 37th Avenue | MLS# 1020421
This multi-family property located at 99-12 37th Avenue , Corona, NY 11368 is currently listed for sale with an asking price of $1,699,000. 99-12 37th Avenue is located within the Contact Agent school district. Search Corona real estate on josephmaggio.cbamhomes.com today.