Two-Building Package in Corona,
10219 44th Avenue Corona, NY 11368
For Sale
$5,000,000
COMMERCIAL - Corona, NY
Property Size12,800 SF
Lot Size0.23 Acres
Price / SF$390.63
Days on Market168
Property Features for 10219 44th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1-1
Parking features
Carport
Standard status
Active
Size
12,800 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
59360
Building Details
Year built
1989
Floors in Building
2
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# 498969
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 10219 and 10217 44th Avenue, Corona, NY 11368. The combined lot size is approximately 10,000 square feet, with a total building size of approximately 12,800 square feet. The property offers flexibility for a variety of uses, subject to zoning and approvals. The zoning is M1-1. The property also features a parking area. It presents value-add potential and long-term upside in a high-demand Queens location.
Key Highlights
- Two‑building package deal.
- Approximately 12,800 sq ft total building size.
- Approximately 10,000 sq ft combined lot size.
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 | $337.9k | $26.40 |
| − Vacancy | −$25.3k | −$1.98 |
| EGI | $312.6k | $24.42 |
| − OpEx | −$109.4k | −$8.55 |
| NOI | $203.2k | $15.87 |
12,800 SF · lease $26.40/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.90M
$2.54M – $3.39M
NOI $203,174 @ 7.0% cap · market cap 4.06%
Second Best
Industrial
$1.15M
$1.01M – $1.34M
NOI $80,524 @ 7.0% cap · market cap 1.61%
Theoretical Best
Office A
$9.44M
$8.26M – $11.01M
NOI $660,541 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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- Catering Equipment — 3753 90th St, Jackson Heights, NY 11372
Frequently Asked Questions
What type of property is this?
Flex space - Two-building package with parking in high-demand Queens location.
Where is this flex space located?
The property is located at 10219 44th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Two‑building package deal.; Approximately 12,800 sq ft total building size.; Approximately 10,000 sq ft combined lot size.
