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10018 40th Rd 10 Unit Apartment Building $3,280,000 ($328,000/Unit) Corona, NY 11368
INVESTMENT HIGHLIGHTS
- 7 Family + 3 Doctor office
- 1 Min to 7 train
- Low Property Tax - 10 years remaining on tax abatement
EXECUTIVE SUMMARY
Highly desirable Mixed-Use Property featuring 7 residential units and 3 medical offices, offering stable rental income and excellent investment potential. Located in one of Queens’ most high-demand neighborhoods, this property is ideal for investors seeking strong cash flow and long-term appreciation. Situated just two blocks from the 7 train, residents and tenants enjoy easy access to public transportation, making commuting to Manhattan and other parts of the city quick and convenient. The property is also close to Roosevelt Avenue and shopping area, surrounded by restaurants, cafes, and local businesses.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,280,000 | Building Class | C |
| Price Per Unit | $328,000 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 6,556 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2006 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.92/1,000 SF |
| Zoning | R6B - R6B is a medium-density residential zoning district in New York City, characterized by a maximum height of 50 feet and a floor area ratio (FAR) of 2.0. | ||
| Price | $3,280,000 |
| Price Per Unit | $328,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,556 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2006 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | R6B - R6B is a medium-density residential zoning district in New York City, characterized by a maximum height of 50 feet and a floor area ratio (FAR) of 2.0. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Heating
- Security System
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Oven
- Views
- Wi-Fi
- Basement
- Dining Room
- Family Room
- Handrails
- Office
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Security System
- Gated
- Trash Pickup - Curbside
- Wi-Fi
- Storage Space
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 8,195 |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (88)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 01610-0050 | Total Assessment | $393,705 (2025) |
| Land Assessment | $4,391 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $389,314 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01610-0050
Land Assessment
$4,391 (2025)
Improvements Assessment
$389,314 (2025)
Total Assessment
$393,705 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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10018 40th Rd
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