Brand-New 7-Family Investment Property in Corona, Queens
High Rental Income + Rare Tax Abatement Opportunity
Investors — Don’t Miss This Rare Income-Producing Opportunity!
Located in the highly desirable neighborhood of Corona, Queens, this brand-new 7-family building
Property Highlights
✔ Reinforced concrete & steel construction
✔ Premium finishes: hardwood flooring + marble countertops
✔ Brand-new central HVAC system
✔ New fire safety system throughout
✔ 8 electric meters + 7 gas meters for easy management
✔ 4 above-ground levels + full finished basement
✔ Separate entrances for enhanced privacy and flexibility
Property Size
Lot Size: 25 × 100
Approx. 1,500 SF per floor
Unit Layout
7 Residential Units
▪ 1st Floor: 2BR / 1 Living Room / 2 Baths
Can be combined with basement duplex
▪ 2nd Floor: Front & Rear Units
Each currently configured as 1BR / 1 Bath
Potential conversion to 2BR units
▪ 3rd & 4th Floors: Same Front/Rear Layout
Each 1BR / 1 Bath with double balconies
Potential conversion to 2BR units
▪ Finished Basement:
Entertainment / recreation space with separate entrance
Estimated Annual Rental Income: Up to $230,000+
Prime Location & Transportation
Close to the subway station
Convenient access to Q58 / Q98 / Q14 bus lines
Easy commute to Flushing and Manhattan
Strong Investment Value
✨ Rare 35-Year Tax Abatement
✨ Low holding costs
✨ Strong cash flow and excellent rental returns
Located in a rapidly growing neighborhood with strong appreciation potential.
Future developments in the area are expected to continue driving both property values and rental demand upward.
Rare New Construction 7-Family Building
Perfect for both investors and owner-users seeking long-term value and stable income.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.