Two-Family Home in Corona,
47-19 99th Street Corona, NY 11368
For Sale
$1,090,000
MULTI_FAMILY - Corona, NY
Property Size3,100 SF
Lot Size0.03 Acres
Price / SF$351.61
Days on Market921
Property Features for 47-19 99th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B C1-3
Bedrooms
4
Bathrooms
5
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 4
Interior features
A/C Unit - Window, Microwave, Refrigerator
Basement
Finished
Standard status
Active
Size
3,100 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
9874
Building Details
Floors in Building
4
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
XiaoMei(May) He
(718) 612-3088
Added: Jan 21, 2024
Changed: Jun 17
Last Checked: Jul 30 at 7:06AM
MLS# 479367
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 legal two-family, semi-detached home presents an excellent investment opportunity. Constructed in early 2006, the property features four stories and a full, finished basement with high ceilings, a full bathroom, and a separate entrance. The home offers ample space and excellent sun exposure throughout. Hardwood floors are present. Heat and hot water are separated. A small, private backyard is suitable for barbecues. The property is conveniently located near shops, restaurants, and public transportation in the heart of Corona, Queens. The lot size is 0.0285 acres. The property size is 3100 square feet. The zoning is R6B C1-3. The property will be delivered vacant at closing.
Key Highlights
- Legal 2‑family semi‑detached home, ideal for investors or owner‑occupiers.
- Delivered vacant at closing, offering immediate occupancy or rental potential.
- Finished basement with high ceilings, full bathroom, and separate entrance.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.2k | $46.20 |
| − Vacancy | −$5.4k | −$1.76 |
| EGI | $137.8k | $44.44 |
| − OpEx | −$62.0k | −$20.00 |
| NOI | $75.8k | $24.44 |
3,100 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$947.2K – $1.26M
NOI $75,778 @ 7.0% cap · market cap 6.95%
Second Best
Multifamily LT 5
$733.0K
$641.4K – $855.2K
NOI $51,310 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $159,975 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family home with a finished basement in Corona.
Where is this duplex located?
The property is located at 47-19 99th Street Corona, NY.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Legal 2‑family semi‑detached home, ideal for investors or owner‑occupiers.; Delivered vacant at closing, offering immediate occupancy or rental potential.; Finished basement with high ceilings, full bathroom, and separate entrance.
