Duplex Property With Detached
For Sale
$1,020,000
10237 Nicolls Avenue, Corona, NY 11368
Detached two-floor home with finished basement, plus driveway and garage, near train and bus service.
Days on Market151
Property Features for 10237 Nicolls Avenue
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
1,490 SF
Year Built
1935
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Telemundo Realty Corp
(347) 351-5846
Listed By:
Gladys Ramirez · License #31RA0597323
Source:
Barbieliteam
Added: Mar 3
Changed: Jul 31
Last Checked: Aug 1 at 11:17AM
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 Telemundo Realty Corp
Investment Insights
Based on property information with market context.
This duplex property is a totally detached home with a drive way and garage. The first floor includes a living room, kitchen, bathroom, one bedroom, and a fireplace. The second floor offers three bedrooms and a bathroom. There is also a full finished basement that adds usable space.
10237 Nicolls Avenue in Corona, NY 11368 is positioned close to train and bus access, supporting convenient daily commuting.
Built in 1935, the layout provides clear separation between the main living areas and the upper bedrooms, with additional flexibility from the full finished basement.
10237 Nicolls Avenue in Corona, NY 11368 is positioned close to train and bus access, supporting convenient daily commuting.
Built in 1935, the layout provides clear separation between the main living areas and the upper bedrooms, with additional flexibility from the full finished basement.
Key Highlights
- Totally detached duplex‑style layout
- First floor: living room, kitchen, bathroom, one bedroom, fireplace
- Second floor: three bedrooms and a bathroom
Financial Insights For Apartment 5plus
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 | $68.8k | $46.20 |
| − Vacancy | −$2.6k | −$1.76 |
| EGI | $66.2k | $44.44 |
| − OpEx | −$29.8k | −$20.00 |
| NOI | $36.4k | $24.44 |
1,490 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$520.3K
$455.3K – $607.0K
NOI $36,422 @ 7.0% cap · market cap 3.57%
Second Best
Multifamily LT 5
$352.3K
$308.3K – $411.0K
NOI $24,662 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$1.10M
$961.1K – $1.28M
NOI $76,891 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,636
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-floor home with finished basement, plus driveway and garage, near train and bus service.
Where is this duplex located?
The property is located at 10237 Nicolls Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,020,000.
What are key features of this property?
This property features: Totally detached duplex‑style layout; First floor: living room, kitchen, bathroom, one bedroom, fireplace; Second floor: three bedrooms and a bathroom
