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Excellent Investment Opportunity
Prime location with strong appreciation potential as the nearby casino development moves forward.
All units rented at market rates.
Property Details
Lot Size: 25′ × 100′
Building Size: 25′ × 51′ (Approx. 5,294 SF)
Built in 2018
Zoning: R6
Unit Mix
6 Two-Bedroom / One-Bath units
2 One-Bedroom / One-Bath units
A neighboring building with the same layout has already been converted into 8 individual condominium units, generating an estimated $3 million in net profit.
Separate Utilities
8 Water Meters
8 Gas Meters
9 Electric Meters
8 Heating Systems
8 Hot Water Heaters
Investment Highlights
Fully occupied with excellent tenants
Rent receipts available (no written leases)
Potential for future rent increases
Annual Gross Income: Approx. $210,000
Estimated Cap Rate: 5% – 6%
Outstanding Location
Just a 2-block walk to the bustling Roosevelt Avenue / 7 Train station.
Close to supermarkets, restaurants, Citi Field, and numerous neighborhood amenities.
| Listed | July 27, 2026 |
| Days on Market | 58 |
| Last Updated | July 28, 2026 |
Full public sale/price history isn't available through our listing feed for this property.
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112-42 38 Avenue – For Sale
112-42 38 Avenue – For Sale
Due to recent rule changes, buyer agent commissions are no longer advertised on the MLS. NestApple estimates your rebate as up to 2% of the purchase price, based on our standard commission-sharing arrangement. Prior to any showing, we will confirm the exact commission and rebate amount with the listing agent and with you in writing. Commissions are not set by law and are fully negotiable. Listing information for this property is sourced via the REBNY RLS, which does not fix, control, recommend, suggest or maintain any commission rates and/or fees for services, and is not the source of any commission information.
Closed-sale data isn't available through our current listing feed for this neighborhood.
