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    Two-Family Home in Corona, Queens Title is generated by Realmo AI

    47-19 99th Street, Corona, NY 11368

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    Claim this Listing
    For Sale
    $1,090,000

    MULTI_FAMILY - Corona, NY

    Property size:
    3,100 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $351/SF
    Added:
    Jan 21, 2024
    Days on Market:
    876
    Last Refresh:
    Jun 15 at 1:06 am

    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 2, Bathroom 5, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 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

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    Listing Contact
    XiaoMei(May) He

    Listing agent XiaoMei(May) He

    Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY

    Listing date Jan 21, 2024

    MLS# 479367 Listing URL

    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.

    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.
    • Excellent sun exposure throughout the property.
    • Convenient location near shops, restaurants, and public transportation.
    • Small private backyard suitable for BBQs.

    Overview

    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.

    Local 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 (±1% cap)
    NOI $75,778 @ 7.0% cap · market cap 6.95%
    Second Best
    Multifamily LT 5
    $733.0K
    $641.4K – $855.2K (±1% cap)
    NOI $51,310 @ 7.0% cap · market cap 4.71%
    Theoretical Best
    Office A
    $2.29M
    $2.00M – $2.67M (±1% cap)
    NOI $159,975 @ 7.0% cap · market cap 14.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Queens
    State
    New York
    Longitude
    -73.862856
    Latitude
    40.744272

    FAQs

    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.
    More about this property
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