Two-Building Package in Corona,
10211 44th Avenue Corona, NY 11368
For Sale
$4,000,000
COMMERCIAL - Corona, NY
Property Size18,520 SF
Lot Size0.26 Acres
Price / SF$215.98
Days on Market168
Property Features for 10211 44th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1-1
Basement
Full
Standard status
Active
Size
18,520 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
87009
Building Details
Floors in Building
3
Building materials
Brick
Roof type
Flat
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Chun Hung (Leo) Tse · License #CT7740
(646) 407-6668
Added: Feb 12
Changed: Apr 30
Last Checked: Jul 30 at 1:06AM
MLS# 498970
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.
Investment Insights
Based on property information with market context.
This is a two-building package deal for sale located at 10211 and 10215 44th Avenue, Corona, NY 11368. The property is suitable for both investors and end users seeking scale and long-term upside. The total lot size is approximately 11,300 square feet, and the total building size is approximately 18,520 square feet. The basement is approximately 3,500 square feet. The property includes 7 on-site parking spaces with a loading area. It also features 2 freight elevators. The property offers substantial operational capacity, flexible usage potential subject to M1-1 zoning, and strong value-add possibilities.
Key Highlights
- Two‑building package deal in Corona, Queens
- Approximately 18,520 SF total building size on an 11,300 SF lot
- Includes a 3,500 SF basement
Financial Insights For Mixed Use
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 | $444.5k | $24.00 |
| − Vacancy | −$63.1k | −$3.41 |
| EGI | $381.4k | $20.59 |
| − OpEx | −$143.0k | −$7.72 |
| NOI | $238.4k | $12.87 |
18,520 SF · lease $24.00/SF/yr · vacancy 14.20% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$3.41M
$2.98M – $3.97M
NOI $238,352 @ 7.0% cap · market cap 5.96%
Second Best
Industrial
$1.66M
$1.46M – $1.94M
NOI $116,508 @ 7.0% cap · market cap 2.91%
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Industrial property - Two-building package deal in high-demand Queens location.
Where is this industrial property located?
The property is located at 10211 44th Avenue 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 deal in Corona, Queens; Approximately 18,520 SF total building size on an 11,300 SF lot; Includes a 3,500 SF basement
