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
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Skylux Realty Inc
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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
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