Mixed-Use Building with
101-12 43rd Avenue, Corona, NY 11368
For Sale
$2,288,000
Four occupied apartments and a commercial space are complemented by separately metered utilities and deeded parking.
Property Size4,083 SF
Price / SF$560.37
Days on Market249
Property Features for 101-12 43rd Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Site & Location
Public Transit
Mixed-Use Components
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Daniel Gale Sothebys Intl Rlty
(718) 762-2268
Listed By:
Hillary Y. Li CBR
(347) 633-4611
Source:
Adamstreetrealty
Added: Mar 5
Changed: Nov 7
Last Checked: Nov 7 at 7:32PM
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 Daniel Gale Sothebys Intl Rlty
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Investment Insights
Based on property information with market context.
At 101-12 43rd Avenue in Corona, this mixed-use property combines four residential apartments with one commercial storefront. Constructed in 2018, the building has separate boilers, heating systems, electric meters, and gas meters for each unit. Water service is the owner's responsibility, and the property includes three deeded parking spaces. The units are currently occupied, and the zoning designation is R6B.
The property is a short walk from the 7 Train along Roosevelt Avenue, with multiple bus lines nearby. Park of the Americas is two blocks away; Flushing Meadow Corona Park is a six-minute drive, and Citi Field is an eight-minute drive.
The property is a short walk from the 7 Train along Roosevelt Avenue, with multiple bus lines nearby. Park of the Americas is two blocks away; Flushing Meadow Corona Park is a six-minute drive, and Citi Field is an eight-minute drive.
Key Highlights
- Four residential apartments and one commercial storefront
- All units currently occupied
- Three deeded parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,807
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,996,140
$2.0M
Cap Rate 7%
$1,425,814
$1.4M
Cap Rate 9%
$1,108,967
$1.1M
Market Conditions
NOI Build-Up for 4,083 SF
Gross rent
$188.6K $46.20/SF
− Vacancy
−$7.2K −$1.76/SF
EGI
$181.5K $44.44/SF
− OpEx
−$81.7K −$20.00/SF
NOI
$99.8K $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 Rate 5%
$1,996,140
Cap Rate 7%
$1,425,814
Cap Rate 9%
$1,108,967
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.66M
NOI $99,807 @ 7.0% cap · market cap 4.36%
Second Best
Retail
$1.04M
$911.0K – $1.21M
NOI $72,882 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,702 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,381
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
$751,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four occupied apartments and a commercial space are complemented by separately metered utilities and deeded parking.
Where is this mixed-use property located?
The property is located at 101-12 43rd Avenue Corona, NY.
What is the asking price?
The asking price for this property is $2,288,000.
What are key features of this property?
This property features: Four residential apartments and one commercial storefront; All units currently occupied; Three deeded parking spaces
