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    3741 103Rd St Corona, NY 11368

    For Sale
    $5,400,000

    Three stores, six apartments, high traffic.

    Property size:
    5,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a remarkable mixed-use property ideally situated on a bustling thoroughfare in Corona, New York. The building boasts a substantial 5,000 square feet of space, intelligently divided to maximize income potential. The ground floor comprises three separate commercial units, perfect for a variety of retail or service businesses, benefiting from the high volume of foot traffic in this vibrant area. Above, the second floor offers six well-appointed residential apartments, providing a consistent stream of rental income. The property's location on 103rd Street in Corona ensures excellent visibility and accessibility, attracting both customers and tenants. This turnkey investment is ready for immediate income generation, offering a compelling return on investment for a savvy buyer. The property sits on a lot with no acreage specified, focusing entirely on the building's substantial square footage and its strategic placement within a high-demand commercial and residential zone. This is a rare chance to acquire a well-established, income-producing property in a thriving Queens neighborhood. The current configuration offers immediate revenue streams, but also presents opportunities for future development or renovation to further enhance profitability. This property is an excellent addition to any portfolio seeking strong cash flow and long-term appreciation. The asking price of $5,400,000 reflects the property's significant value and potential.

    Property Features for 3741 103Rd St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,000 SF

    Building Details

    Year Built
    1931
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Queens
    State
    New York
    Longitude
    -73.86356
    Latitude
    40.75216

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    FAQs

    What type of property is this?
    Commercial real estate - Three stores, six apartments, high traffic.
    Where is this commercial real estate located?
    The property is located at 3741 103Rd St Corona, NY.
    What is the asking price?
    The asking price for this property is $5,400,000.
    (718) 353-6056
    Request Owner's contact information
    3741 103Rd St Corona, NY 11368
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    Corona, NY 11368
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3741 103Rd St Corona, NY 11368
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