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4042 Junction Blvd
Corona, NY 11368
Multifamily Property For Sale · 2 Units

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INVESTMENT HIGHLIGHTS

  • Zoning: R6B – ideal for low-rise mixed-use development
  • High foot traffic area on Junction Boulevard, Corona
  • Rear Ground Floor Residential Unit: 2-bedroom, 1-bathroom apartment, suitable for rental or owner occupancy.
  • Detached mixed-use building
  • Ground Floor Commercial Space: Currently operating as a modern Dominican eatery, includes finished basement (exclusive to restaurant)
  • Second Floor Residential Unit: Spacious layout with 2-bedroom, 2-bathroom; includes a full kitchen, living and family room

EXECUTIVE SUMMARY

Prime Mixed-Use Opportunity in the heart of Corona! Welcome to a rare investment opportunity in bustling Corona, Queens. With an R6B zoning designation, this detached mixed-use building is ideally situated on the high-traffic Junction Boulevard, offering prime visibility and steady foot traffic for commercial success- plus excellent residential income potential. Property Highlights: Ground Floor Commercial Space- Currently operating as a modern Dominican eatery, the restaurant enjoys a loyal local customer base. A finished basement provides ample storage or prep space, exclusively for restaurant use. Rear Ground Floor Residential Unit- A comfortable 2-bedroom, 1-bath apartment with a functional kitchen, and a combined living and dining area, ideal for rental or owner-occupancy. Second Floor Residential Unit- Spacious and well laid out, featuring 2-bedroom, 2-bathrooms, a full kitchen, living room, and family room, perfect for larger families or additional income. Conveniently located in Corona, this property is just steps from the Junction Blvd 7-train station, providing quick access to Manhattan and throughout Queens. Multiple bus lines, including Q72 serving the area, and major highways like the LIE and Grand Central Parkway are easily accessible for commuting. The building is within walking distance of quality schools in NYC's District 24, popular shopping centers such as Rego Park Mall, a wide variety of restaurants, and the expansive Flushing Meadows-Corona Park are all within close proximity.

PROPERTY FACTS Under Contract

Price Per Unit $990,000
Sale Type Investment
No. Units 2
Property Type
Multifamily
  • General Retail Storefront Retail/Residential
  • Multifamily Apartments
Lot Size 0.06 AC
Building Size 2,368 SF
No. Stories 2
Year Built 1931
Zoning R6B

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 1 - -
2+2 2 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01596-0029
Land Assessment
$59,907
Improvements Assessment
$214,634
Total Assessment
$274,541
  • Listing ID: 37221188

  • Date on Market: 8/11/2025

  • Last Updated:

  • Address: 4042 Junction Blvd, Corona, NY 11368

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