10114 39th Avenue, New York, NY, 11368
$3,800,000
activeLot Size
2,500 sqft
Year Built
2012
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
This well-maintained mixed-use investment property offers strong and stable cash flow in a highly convenient neighborhood near public transportation, retail, and dining. The property consists of one medical office on the ground floor and seven residential units, along with additional rooftop lease income, providing diversified income streams for investors. The building layout includes a medical office and one 1-bedroom unit with a large backyard on the first floor, followed by six additional one-bedroom apartments across the second, third, and fourth floors. Each residential floor contains two well-configured 1-bedroom units, making the building efficient to manage and highly rentable in this demand-driven Queens location. The rooftop is currently leased to a telecommunications company, generating additional stable income. The property generates approximately $270,704 in annual gross operating income, with estimated operating expenses of about $26,570, resulting in an attractive Net Operating Income (NOI) of approximately $244,134 annually. Cap 6.42%. Situated between Corona and Flushing, the property benefits from strong rental demand, proximity to major transportation routes, neighborhood retail corridors, and easy access to Manhattan. This is an excellent opportunity for investors seeking a stable income-producing property with upside potential in one of Queens’ most active rental markets.
Listed by Qian Huang, Lin Pan Realty Group LLC
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Apr 8, 2026, 8:52 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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