Brick Industrial
102-09 44th Avenue, Corona, NY 11368
For Sale
$3,780,000
Commercial, Corona, NY
Property Size18,520 SF
Lot Size0.26 Acres
Price / SF$204.10
Days on Market48
Property Features for 102-09 44th Avenue
General Information
Property type
Property subtype
Zoning
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Tiger Realty
Listed By:
Xue En (Jacky) Huang
(917) 708-9966
Added: Sep 21
Changed: Oct 10
Last Checked: Nov 7 at 5:06AM
MLS# 504738
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property at 102-09 44th Avenue in Corona includes approximately 18,520 SF of building area on approximately 11,360 SF of land. The structure was built in 1931, features brick construction, and has a flat roof. Six parking spaces are available on site.
The property is zoned M1-1 and is located in Queens County, near major transportation and commercial corridors. The asset is offered for sale and may be purchased separately or together with the adjacent 102-19 44th Ave property, as indicated in the property information.
The property is zoned M1-1 and is located in Queens County, near major transportation and commercial corridors. The asset is offered for sale and may be purchased separately or together with the adjacent 102-19 44th Ave property, as indicated in the property information.
Key Highlights
- Approximately 18,520 SF of building area
- Approximately 11,360 SF of land
- M1‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,508
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,330,160
$2.3M
Cap Rate 7%
$1,664,400
$1.7M
Cap Rate 9%
$1,294,533
$1.3M
Market Conditions
NOI Build-Up for 18,520 SF
Gross rent
$175.6K $9.48/SF
− Vacancy
−$9.1K −$0.49/SF
EGI
$166.4K $8.99/SF
− OpEx
−$49.9K −$2.70/SF
NOI
$116.5K $6.29/SF
Area
Queens County, NY
Vacancy
5.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,330,160
Cap Rate 7%
$1,664,400
Cap Rate 9%
$1,294,533
Alternative Uses
Best Use
Industrial
$1.66M
$1.46M – $1.94M
NOI $116,508 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.65M
$11.95M – $15.93M
NOI $955,721 @ 7.0% cap · market cap 25.28%
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
Location Intelligence
Trade Area within ½ mile
6,056
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
Properties on Market for Industrial properties in Queens County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - Brick industrial property with on-site parking and M1-1 zoning in Corona.
Where is this industrial property located?
The property is located at 102-09 44th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $3,780,000.
What are key features of this property?
This property features: Approximately 18,520 SF of building area; Approximately 11,360 SF of land; M1‑1 zoning
