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    106-16 Corona Ave Corona, NY 11368

    For Sale
    $1,580,000

    Multi Family - Corona, NY

    Type:Single Family Attached
    Property size:
    2,016 SF
    Days on Market:
    120
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for 106-16 Corona Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Active
    Rooms
    Basement
    Basement Y/N
    1
    Size
    2,016 SF

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1920
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Other

    Best Group Realty, Inc. (718) 939-9100 [email protected]

    Listing agent Xun Lin (718) 255-9100 License #10401213891

    Listing date Aug 9, 2025

    MLS# 892882 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Prime Corona

    This mixed-use building is located in Corona and features a retail storefront and one residential unit. Each tenant has separate gas and electric meters. The property has a lower property tax of $5613. The first floor is occupied by a restaurant with a monthly rent of $4775, with a 3% annual increase, and the lease ends in 2029. The second floor features a four-bedroom, two-bath residential unit with a monthly rent of $2400 and no lease. There is also a full finished basement. The owner is responsible for 35% of the property tax, a water bill of $300 per quarter, and an annual insurance cost of $4000. The building size is 24x42, and the zoning is R6B, C2-3. The property size is 2016 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Queens
    State
    New York
    Longitude
    -73.877151
    Latitude
    40.739645

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail and residential units in Corona.
    Where is this mixed-use property located?
    The property is located at 106-16 Corona Ave Corona, NY.
    What is the asking price?
    The asking price for this property is $1,580,000.
    What are key features of this property?
    This property features: - High income rate (over 5%); - Retail storefront with existing restaurant tenant ($4775/month, 3% annual increase, lease until 2029); - Separate gas and electric meters for all tenants
    (718) 255-9100
    Request Owner's contact information
    106-16 Corona Ave Corona, NY 11368
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    Corona, NY 11368
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    106-16 Corona Ave Corona, NY 11368
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