Multi Family
98-07 37th Avenue
Active · Queens, NY 11368
- Year built
- 1930
- Est. monthly taxes
- $1,442.5
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About this home
Full gut renovated, semi-detached all-brick 3-story property boasting a 20x60 building size on a 25x100 lot, plus a full basement with separate entrance.High-yield layout features 1 prime storefront, 5 spacious residential apartments (ALL 3-Bedroom units), and 3 detached garages. Features separate utilities with 5 gas meters and 6 electric meters. Every unit is equipped with its own in-unit washer and dryer, split-system A/C. Strong cash-flowing investment property generating $283,284 in gross annual income with low annual expenses of $37,460, delivering an impressive Net Operating Income (NOI) of $245,823 and a 6.5% CAP rate. 100% FREE MARKET. Unbeatable location just steps from the #7 subway train and multiple bus lines in a high-foot-traffic commercial corridor. Must see!
Listing snapshot
- Days on site
- 59 days
- Listed on MLS
- Jul 30, 2026
- Annual property tax (MLS)
- $17,310
- Tax year
- 2026
- Listing brokerage
- New Group Realty Inc
- MLS ID
- KEY1032756
- Last updated
- Aug 9, 2026
General features
- Property type
- Multi Family
- Year built
- 1930
- Parking
- Detached, Garage
- Water source
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Interior features
- Basement
- Full, See Remarks, Storage Space
- Heating
- Electric
- Cooling
- Multi Units
Exterior features
- Construction materials
- Brick
Schools (MLS)
- Elementary school
- Ps 19 Marino Jeantet
- Elementary school district
- Queens 24
- Middle school
- Is 61 Leonardo Da Vinci
- Middle school district
- Queens24
- High school
- Newtown High School
- High school district
- Queens24
School information is provided by the MLS. Confirm attendance eligibility with the school district.
Recent activity
- First seen on this site
- Listing updated from MLS
- MLS status changed
Location
Listing data is supplied by the MLS and may change without notice.