Duplex Property with R6B
For Sale
$1,162,962
10311 Corona Avenue, Corona, NY 11368
1930-built residential property offered with two additional Corona Avenue properties as a package.
Property Size1,462 SF
Price / SF$795.46
Days on Market193
Property Features for 10311 Corona Avenue
General Information
Standard status
Active
Size
1,462 SF
Property subtype
Duplex
Zoning
R6B
Building Details
Building Size
1,462 SF
Year Built
1930
Listing Agency:
Utopia Real Estate
(718) 359-1900
Listed By:
Paul Luciano
Source:
Cbwarburg
Added: Jan 20
Changed: Jul 31
Last Checked: Jul 31 at 9:47AM
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
Investment Insights
Based on property information with market context.
This duplex property at 10311 Corona Avenue was built in 1930 and is zoned R6B. The property is offered for sale as part of a package with 103-07 and 103-09 Corona Avenue.
The package includes a total lot size of 75x90, providing a combined residential property offering within the Corona Avenue corridor.
The package includes a total lot size of 75x90, providing a combined residential property offering within the Corona Avenue corridor.
Key Highlights
- Offered as a package with 103‑07 and 103‑09 Corona Avenue
- R6B zoning
- Total lot size of 75x90
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 | $67.5k | $46.20 |
| − Vacancy | −$2.6k | −$1.76 |
| EGI | $65.0k | $44.44 |
| − OpEx | −$29.2k | −$20.00 |
| NOI | $35.7k | $24.44 |
1,462 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$510.5K
$446.7K – $595.6K
NOI $35,738 @ 7.0% cap · market cap 3.07%
Second Best
Multifamily LT 5
$345.7K
$302.5K – $403.3K
NOI $24,198 @ 7.0% cap · market cap 2.08%
Theoretical Best
Office A
$1.08M
$943.1K – $1.26M
NOI $75,446 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,558
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - 1930-built residential property offered with two additional Corona Avenue properties as a package.
Where is this duplex located?
The property is located at 10311 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 103‑07 and 103‑09 Corona Avenue; R6B zoning; Total lot size of 75x90
