Attached-Garage Duplex
For Sale
$1,150,000
103-25 Alstyne Avenue, Corona, NY 11368
The layout combines a first-floor residence with an upper-level arrangement spanning the second and third floors.
Property Size1,662 SF
Price / SF$691.94
Days on Market32
Property Features for 103-25 Alstyne Avenue
General Information
Standard status
Active
Size
1,662 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$9,675
Amenities
finished basement
balcony
attached garage
Building Details
Building Size
1,662 SF
Year Built
2004
Stories
3
Listing Agency:
Winzone Realty Inc
(646) 823-8878
Listed By:
Rebecca Fang
Source:
Cbwarburg
Added: Jul 8
Changed: Aug 8
Last Checked: Aug 8 at 9:00AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This duplex property at 103-25 Alstyne Avenue includes a finished basement with a half bath, storage and utility areas, plus an attached garage. The first floor has one bedroom, a living room, kitchen, and full bath. An upper-level duplex extends across the second and third floors, with a large living room, kitchen, and bath on the second floor, followed by three bedrooms, another bath, and a balcony on the third floor.
Separate utility meters serve the property. The building was constructed in 2004 and is located in Corona, New York, near Corona Avenue and 104th Street.
Separate utility meters serve the property. The building was constructed in 2004 and is located in Corona, New York, near Corona Avenue and 104th Street.
Key Highlights
- Finished basement with half bath, storage, utilities, and attached garage
- First floor includes 1 bedroom, living room, kitchen, and 1 bath
- Second‑floor layout features a large living room, kitchen, and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,627
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$812,540
$812.5K
Cap Rate 7%
$580,386
$580.4K
Cap Rate 9%
$451,411
$451.4K
Market Conditions
NOI Build-Up for 1,662 SF
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.
Gross rent
$76.8K $46.20/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$73.9K $44.44/SF
− OpEx
−$33.2K −$20.00/SF
NOI
$40.6K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$812,540
Cap Rate 7%
$580,386
Cap Rate 9%
$451,411
Alternative Uses
Best Use
Apartment 5plus
$580.4K
$507.8K – $677.1K
NOI $40,627 @ 7.0% cap · market cap 3.53%
Second Best
Multifamily LT 5
$393.0K
$343.9K – $458.5K
NOI $27,509 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,767 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,498
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 - The layout combines a first-floor residence with an upper-level arrangement spanning the second and third floors.
Where is this duplex located?
The property is located at 103-25 Alstyne Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Finished basement with half bath, storage, utilities, and attached garage; First floor includes 1 bedroom, living room, kitchen, and 1 bath; Second‑floor layout features a large living room, kitchen, and 1 bath
