6-Unit Mixed-Use
For Sale
$2,700,000
10002 37th Avenue, Corona, NY 11368
A brick property combines street-level retail space with apartments on the floors above.
Property Size4,506 SF
Days on Market8
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Property Features for 10002 37th Avenue
General Information
Standard status
Active
Size
4,506 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$25,105
Building Details
Building Size
4,506 SF
Year Built
1931
Buildings
1
Construction
brick masonry
Listing Agency:
Century Homes Realty Group LLC
Listed By:
Uriel Echeverry
(718) 446-1300
Source:
Serhant
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 15 at 6:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century Homes Realty Group LLC
Investment Insights
Based on property information with market context.
This freestanding brick mixed-use building, constructed in 1931, contains six units: one retail storefront at street level and five apartments above. The property occupies a corner lot in Corona.
The building is a few blocks from the 7 train and local bus service, with neighborhood shopping districts nearby.
The building is a few blocks from the 7 train and local bus service, with neighborhood shopping districts nearby.
Key Highlights
- Six units: one retail storefront and five apartments
- Freestanding brick masonry construction
- Built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,549
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,170,980
$4.2M
Cap Rate 7%
$2,979,271
$3.0M
Cap Rate 9%
$2,317,211
$2.3M
Market Conditions
NOI Build-Up for 4,506 SF
Gross rent
$297.4K $66.00/SF
− Vacancy
−$19.3K −$4.29/SF
EGI
$278.1K $61.71/SF
− OpEx
−$69.5K −$15.43/SF
NOI
$208.5K $46.28/SF
Area
Queens County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,170,980
Cap Rate 7%
$2,979,271
Cap Rate 9%
$2,317,211
Alternative Uses
Best Use
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,549 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$1.57M
$1.38M – $1.84M
NOI $110,147 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$3.32M
$2.91M – $3.88M
NOI $232,531 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
5,208
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
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A brick property combines street-level retail space with apartments on the floors above.
Where is this mixed-use property located?
The property is located at 10002 37th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Six units: one retail storefront and five apartments; Freestanding brick masonry construction; Built in 1931
