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40-42 Junction BoulevardCorona, NY 11368

For Sale

$1,980,000

Smart Buyer Rebate $24,750

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.

Listed by Fei Guo

·

Skylux Realty Inc

·

718-500-2231

Last updated August 12, 2025

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Source: OneKey #899910

Listing Facts

  • TypeMulti-family
  • NeighborhoodElmhurst
  • Bedrooms4
  • Bathrooms3
  • Days on Prevu28
  • Taxes$34,318/year

Location

Mortgage Calculator

Listing History

08/11/2025
Listed by Skylux Realty Inc
$1,980,000

Estimated Closing Costs

Total
$68,702
Attorney Fees
$4,000
NYC Mansion Tax
$19,800
Title Insurance
$8,910
Bank Attorney
$1,500
Mortgage Recording Tax
$30,492
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $1,980,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 40-42 Junction Boulevard

Exterior

Construction

  • Number Of Units Total: 2
  • Year Built: 1931
  • Construction Materials: Aluminum Siding, Frame, Other

Measurements

  • Building Area Total: 2,368
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.06
  • Lot Size Square Feet: 2,526

Financial

Taxes

  • Parcel Number: 01596-0029
  • Tax Annual Amount: $34,318.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: First Floor Bedroom, First Floor Full Bath, Other

Rooms

  • Basement: Finished
  • Has Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 4

Schools

Elementary School

  • Elementary School: Ps 19 Marino Jeantet
  • Elementary School District: Queens 24

High School

  • High School: Newtown High School
  • High School District: Queens24

Middle or Junior School

  • Middle Or Junior School: Is 61 Leonardo Da Vinci
  • Middle Or Junior School District: Queens24

Utilities

Equipment

  • Cooling: Multi Units, Wall/Window Unit(s)
  • Heating: Hot Water, Natural Gas, Other
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2025, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.