Brick Duplex
For Sale
$1,638,000
52-08 103rd Street, Corona, NY 11368
Residential Income, Corona, NY
Property Size2,964 SF
Lot Size0.04 Acres
Price / SF$552.63
Days on Market88
Property Features for 52-08 103rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
1
Window features
Double Pane Windows
Interior features
First Floor Bedroom, First Floor Full Bath, Kitchen Island, Walk-In Closet(s)
Basement
Walk-Out Access, Finished
Lot features
Back Yard, Near Public Transit, Near School, Near Shops
Elementary school
Ps 14 Fairview
Middle school
Is 61 Leonardo Da Vinci
High school
Voyages Preparatory
Elementary school district
Queens 24
Middle school district
Queens24
High school district
Queens24
Standard status
Active
APN
01940-0023
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11391
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air, Hot Water(Heating), Energy Star Qualified Equipment (Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
front and rear separate entrances
private backyard
high-ceiling basement
Building Details
Year built
2013
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Xiaolan Cao · License #10401281467
(646) 778-8127
Added: Jun 10
Changed: Aug 20
Last Checked: Sep 5 at 7:06PM
MLS# 1011699
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Built in 2013, this full-brick duplex-style property contains approximately 2,964 square feet with six bedrooms and 5.5 bathrooms. The interior includes hardwood flooring, central air, forced-air and hot-water heating, a kitchen island, walk-in closet(s), and a high-ceiling basement. First-floor bedroom and full-bath accommodations add flexibility to the layout, while front and rear entrances provide separate access points.
The property includes a private backyard and one private parking space. Public water and sewer serve the residence, with natural gas available. It will be delivered fully vacant at closing. Located at 52-08 103rd Street in Corona, the property is near the 7 train, multiple bus lines, major highways, shopping, dining, Flushing, Manhattan, and LaGuardia Airport.
The property includes a private backyard and one private parking space. Public water and sewer serve the residence, with natural gas available. It will be delivered fully vacant at closing. Located at 52-08 103rd Street in Corona, the property is near the 7 train, multiple bus lines, major highways, shopping, dining, Flushing, Manhattan, and LaGuardia Airport.
Key Highlights
- Approximately 2,964 square feet with 6 bedrooms and 5.5 bathrooms
- Full‑brick construction; built in 2013
- Duplex‑style layout with front and rear separate entrances
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
$72,453
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
4.42%
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%
$1,449,060
$1.4M
Cap Rate 7%
$1,035,043
$1.0M
Cap Rate 9%
$805,033
$805.0K
Market Conditions
NOI Build-Up for 2,964 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
$136.9K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$131.7K $44.44/SF
− OpEx
−$59.3K −$20.00/SF
NOI
$72.5K $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%
$1,449,060
Cap Rate 7%
$1,035,043
Cap Rate 9%
$805,033
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$905.7K – $1.21M
NOI $72,453 @ 7.0% cap · market cap 4.42%
Second Best
Multifamily LT 5
$700.8K
$613.2K – $817.7K
NOI $49,059 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $152,957 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,991
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Newer vacant residence with separate entrances, private outdoor space, and dedicated parking in Corona.
Where is this duplex located?
The property is located at 52-08 103rd Street Corona, NY.
What is the asking price?
The asking price for this property is $1,638,000.
What are key features of this property?
This property features: Approximately 2,964 square feet with 6 bedrooms and 5.5 bathrooms; Full‑brick construction; built in 2013; Duplex‑style layout with front and rear separate entrances
