by RH Advisors

See Home Value
$1,750,000
● Multifamily - Off Market

40-42 Junction Boulevard

New York, NY 11368
bedrooms
4 Beds
bathrooms
3 Baths
$12,582
Est. Monthly
2.18%
Cap Rate

About This Property

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.
Unit Size
-
Days on Market
133 days
Land Size
0.06 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$2,860
HOA Dues
-
Year Built
1931

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Last updated: 11 months ago (OneKey MLS #KEY899910)

Price History

Date / Event Date Event Price
Dec 22, 2025 Sold
Sold
Oct 8, 2025 In contract -
In contract
Aug 8, 2025 Listed by Skylux Realty Inc $1,980,000
Listed by Skylux Realty Inc

Property Highlights

Interior Details
Full Bathrooms: 3
Interior Features: Other, First Floor Bedroom, First Floor Full Bath
Basement: Finished
Exterior Details
Year Built: 1931
Building Area Total: 2368
Building Area Units: Square Feet
Construction Materials: Aluminum Siding, Frame, Other
Lot Size Area: 2526
Lot Size Units: Square Feet
Lot Size Acres: 0.06
Lot Size Square Feet: 2526
Water Source: Public
Financial Details
Tax Annual Amount: $34,318
Utilities Details
Cooling Type: Multi Units, Wall/Window Unit(s)
Heating Type: Hot Water, Natural Gas, Other
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20250808
08/08/2025
4 Bed
3 Bath
-
$1,980,000
bedrooms
4 Bed
bathrooms
3 Bath
$1,750,000 -11.62%
12/22/2025
Fei Guo
Futan Realty Inc

Building Info

40-42 Junction Boulevard 40-42 Junction Boulevard, Corona, NY 11368
  • 5 Units
More about this Building
40-42 Junction Boulevard
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