Two-Building Industrial Flex
10211 44th Ave Corona, NY 11368
10211 44th Ave, Corona, NY, 11368
$4,000,000
For Sale
$4,000,000
Two-building package with loading area, two freight elevators, and 7 on-site parking spaces, plus basement area.
Property Size18,520 SF
Price / SF$215.98
Days on Market159
Property Features for 10211 44th Ave
General Information
- Standard status
- Active
- Size
- 18,520 SF
Listing agency
ProBase Real Estate
(718) 210-2727
Listed by
Chun Hung (Leo) Tse · License #CT7740
(718) 210-2727
Source
Exprealty
Added: Feb 12 Updated: Jul 21 at 2:26PM Checked: Jul 21 at 2:26PM
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 ProBase Real Estate
Investment Insights
Based on property information with market context.
This for-sale two-building package includes 10211 and 10215 44th Avenue in Corona, NY 11368. The property totals approximately 11,300 SF of lot area and approximately 18,520 SF of building area, with an additional approximately 3,500 SF basement. Operational support includes a loading area, two freight elevators, and parking for 7 vehicles on site.
The buildings offer flexible usage potential, subject to zoning, making the package suitable for buyers evaluating scale across both structures. All details above are based on available property information and are offered for due diligence.
The buildings offer flexible usage potential, subject to zoning, making the package suitable for buyers evaluating scale across both structures. All details above are based on available property information and are offered for due diligence.
Key Highlights
- Two‑building package at 10211 and 10215 44th Avenue, Corona, NY 11368
- Total lot size of approximately 11,300 SF with total building size of approximately 18,520 SF
- Basement area of approximately 3,500 SF
Local Financial Insights For Flex RnD
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 | $488.9k | $26.40 |
| − Vacancy | −$36.7k | −$1.98 |
| EGI | $452.3k | $24.42 |
| − OpEx | −$158.3k | −$8.55 |
| NOI | $294.0k | $15.87 |
18,520 SF · lease $26.40/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$4.20M
$3.67M – $4.90M
NOI $293,968 @ 7.0% cap · market cap 7.35%
Second Best
Warehouse
$2.02M
$1.77M – $2.36M
NOI $141,474 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$13.65M
$11.95M – $15.93M
NOI $955,721 @ 7.0% cap · market cap 23.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
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FAQs
What type of property is this?
Flex space - Two-building package with loading area, two freight elevators, and 7 on-site parking spaces, plus basement area.
Where is this flex space located?
The property is located at 10211 44th Ave Corona, NY.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Two‑building package at 10211 and 10215 44th Avenue, Corona, NY 11368; Total lot size of approximately 11,300 SF with total building size of approximately 18,520 SF; Basement area of approximately 3,500 SF
