Multifamily Property
10307 Corona Avenue, Corona, NY 11368
For Sale
$1,162,962
The property is offered with two additional Corona Avenue properties under R6B zoning.
Property Size2,200 SF
Price / SF$528.62
Days on Market17
Property Features for 10307 Corona Avenue
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Utopia Real Estate
Listed By:
Paul Luciano
(718) 359-1900
Source:
Georgemcknight
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 12:28PM
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 Utopia Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The multifamily property at 10307 Corona Avenue was built in 1930 and is being sold together with 103-09 and 103-11 Corona Avenue. The combined lot size is 75 by 90, and the zoning is R6B. The property is in Corona, New York.
Key Highlights
- Offered as a package with 103‑09 and 103‑11 Corona Avenue
- Combined lot size of 75x90
- R6B zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,778
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,560
$1.1M
Cap Rate 7%
$768,257
$768.3K
Cap Rate 9%
$597,533
$597.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$101.6K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$97.8K $44.44/SF
− OpEx
−$44.0K −$20.00/SF
NOI
$53.8K $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 Rate 5%
$1,075,560
Cap Rate 7%
$768,257
Cap Rate 9%
$597,533
Alternative Uses
Best Use
Apartment 5plus
$768.3K
$672.2K – $896.3K
NOI $53,778 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
3,974
Businesses Nearby
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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
$751,700
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Corona, NY
Properties on Market for Multifamily properties in Corona
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property is offered with two additional Corona Avenue properties under R6B zoning.
Where is this multifamily property located?
The property is located at 10307 Corona Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,162,962.
What are key features of this property?
This property features: Offered as a package with 103‑09 and 103‑11 Corona Avenue; Combined lot size of 75x90; R6B zoning
