Joshua Kerben
Call: (516) 423-6877
Text: (516) 423-6877
BEDS0
BATHS
MLS#986275
STATUSActive
PROPERTY TYPECommercial -
SCHOOLQueens24
Property Description
Located at the Heart of Corona, this Impressive Four-story Brick Walk-up Represents a Premier Investment Opportunity with a Robust 6.25% Cap Rate. The Property is Fully Occupied, offering a Stable and Consistent Cash Flow underpinned by Severn Rent-Stabilized Residential Units and Two Established Community Facility Units, currently utilized as a Religious Center and a Professional Herbal Treatment Center. The building is Designed for Operational Efficiency, featuring Individual Gas and Electric Meter and Sprinklers throughout. Situated just a Short Walk from Roosevelt Avenue, the Property Offers Immediate Access to a Bustling Corridor of Commerce and Dining. The Easy Subway Access nearby Provides a Direct and Efficient Commute to Manhattan and Flushing, ensuring High Long-term Occupancy and Exceptional Value for any Savvy Investor.
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Finished, Full
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.06 Acres
Stories: 4.0
Taxes: $6,098
Year Built: 2005
Feature Descriptions
Building Area Total: 5184
Days on Site: 201
Exterior: Brick
On Market Date: 2026-04-17
Parcel Number: 01765-0027
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 9
Utilities: Electricity Available, Natural Gas Available, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Newtown High School
Middle School: Is 61 Leonardo Da Vinci
Elementary School: Contact Agent
School District: Queens24
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Listed By / Shown By
Listing By
Agency Name: Lin Pan Realty Group LLC
Agency Contact: 646-785-1699
Shown By
Agent Name: Joshua Kerben
Agent Phone: (516) 423-6877
Agency Title: Laffey Real Estate
38-19 99th Street | MLS# 986275
This commercial property located at 38-19 99th Street, Corona, NY 11368 is currently listed for sale with an asking price of $2,390,000. 38-19 99th Street is located within the Queens24 school district. Search Corona real estate on joshkerben.laffey.com today.