Apartment Building with Separate
For Sale
$1,890,000
43-12 104th Street, Corona, NY 11368
Residential, Corona, NY
Property Size6,010 SF
Lot Size0.06 Acres
Price / SF$314.48
Days on Market365
Property Features for 43-12 104th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
7
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 4, Bedroom 6, Bedroom 7, Bedroom 5, Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 7, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 2
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Corona
Standard status
Active
Size
6,010 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
960
Building Details
Year built
2005
Floors in Building
4
Number of units
7
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
Listed By:
XueYan (Maggie) LI
(917) 708-9966
Added: Sep 15, 2025
Changed: Sep 12
Last Checked: Sep 14 at 2:06AM
MLS# 495780
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6,010-square-foot apartment building in Corona, Queens, was built in 2005 on a 0.0574-acre lot. The brick property has a flat roof and includes hardwood and tile flooring, refrigerators, and stoves. The room inventory includes seven bedrooms and seven bathrooms, while separate boilers and water heaters serve the building’s residential spaces.
Located at 43-12 104th Street, the property carries R6B zoning and is identified within Queens County. The listing reports a cap rate close to 5.5%.
Located at 43-12 104th Street, the property carries R6B zoning and is identified within Queens County. The listing reports a cap rate close to 5.5%.
Key Highlights
- 6,010‑square‑foot apartment building on a 0.0574‑acre lot
- R6B zoning in Corona, Queens
- Built in 2005 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$146,911
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,938,220
$2.9M
Cap Rate 7%
$2,098,729
$2.1M
Cap Rate 9%
$1,632,344
$1.6M
Market Conditions
NOI Build-Up for 6,010 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$277.7K $46.20/SF
− Vacancy
−$10.6K −$1.76/SF
EGI
$267.1K $44.44/SF
− OpEx
−$120.2K −$20.00/SF
NOI
$146.9K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,938,220
Cap Rate 7%
$2,098,729
Cap Rate 9%
$1,632,344
Alternative Uses
Best Use
Apartment 5plus
$2.10M
$1.84M – $2.45M
NOI $146,911 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.43M
$3.88M – $5.17M
NOI $310,145 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,809
Businesses Nearby
Explore this area
Business Placement
Demographics for 11368, NY
117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - R6B-zoned multifamily building with brick construction, separate boilers, and individual water heaters.
Where is this apartment building located?
The property is located at 43-12 104th Street Corona, NY.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 6,010‑square‑foot apartment building on a 0.0574‑acre lot; R6B zoning in Corona, Queens; Built in 2005 with brick construction
