Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    10112 46th Ave Flushing, NY 11368-2806

    • Apartment buildings
    • 32,028 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2736635
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 10112 46th Ave

    Year built
    1929
    Lot size
    0.21 lot acres
    Property size
    32,028 SF
    Zone code
    R5
    Property type
    Apartment buildings
    APN
    01631-0041
    APU
    16310041

    Description

    This exceptional 35-unit multifamily building presents a lucrative investment opportunity in the thriving Corona, NY market. Boasting a substantial 32,028 square feet of space, this corner property is strategically located near major transportation arteries, including Grand Central Parkway, Queens Boulevard, and the Long Island Expressway, ensuring convenient access for residents and businesses alike. The building comprises a diverse mix of units: 22 one-bedroom apartments, 9 two-bedroom apartments, and 4 studio apartments. A significant portion of the building, 14 units, has undergone recent renovations, showcasing a commitment to quality and modern amenities. The remaining units are free-market apartments, offering flexibility in rental strategies and potential for increased revenue. The building's dimensions are impressive, measuring 134 feet by 105 feet, providing ample space and potential for future expansion or redevelopment. Its excellent condition and prime location make this a truly exceptional investment opportunity in a rapidly growing area. The asking price is $7,300,000. This property offers strong potential for both immediate income generation and long-term appreciation. The convenient location and diverse unit mix make it an attractive option for a wide range of tenants. Don't miss this chance to acquire a high-performing commercial property in a highly sought-after neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $615,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.8625
    Latitude
    40.7454
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $153,867
    $126,000
    $1,164,150
    $1,290,150
    -
    $280,000
    $2,587,000
    $2,867,000

    Comparable in this City

    • Value Estimation by Request
      10,670 SF

      56-26 Van Cleef St

      Multifamily properties • 10,670 SF
      56-26 Van Cleef St, Queens, NY 11368
      View Details
    • Value Estimation by Request
      15,068 SF

      37-17 108 St

      Multifamily properties • 15,068 SF
      37-17 108 St, Queens, NY 11368
      View Details
    • Value Estimation
      $165,000
      239,443 SF

      9730 57th Ave

      APARTMENT HOUSE (5+ UNITS) • 239,443 SF
      9730 57th Ave, Flushing, NY 11368-3585
      View Details
    • Value Estimation
      $190,000
      119,349 SF

      5311 99th St

      APARTMENT HOUSE (5+ UNITS) • 119,349 SF
      5311 99th St, Flushing, NY 11368-3758
      View Details
    • Value Estimation
      $170,000
      156,048 SF

      5515 99th St

      APARTMENT HOUSE (5+ UNITS) • 156,048 SF
      5515 99th St, Flushing, NY 11368-3744
      View Details
    • Value Estimation by Request
      5,116 SF

      53-12 102 St

      Multifamily properties • 5,116 SF
      53-12 102 St, Queens, NY 11368
      View Details

    Similar Nearby for Sale

    • $2,750,000
      4,140 SF

      New Multifamily Building in Corona

      New six-unit residential building with modern amenities and high rental potential.
      58-14 Granger St, Corona, NY 11368
      View Details
    • $3,900,000

      Corona Quadruplex: Investment Opportunity

      Well-maintained Corona quadruplex near transportation and amenities.
      33-54 99Th St, Corona, NY 11368
      View Details
    • $3,300,000
      5,000 SF

      Corona Multifamily Building with Parking

      Multifamily property in Corona, NY with parking and antenna tower.
      42-12 108Th St, Corona, NY 11368
      View Details
    • $2,150,000
      12,000 SF

      Corona Multifamily Building with Income

      Multifamily building in Corona, NY, featuring multiple units and income.
      108-20 38Th Ave, Corona, NY 11368
      View Details
    • $1,498,000

      Renovated Two-Family Home in Corona

      Two-family home with renovated interiors, finished basement, and parking.
      33-28 105Th St, Flushing, NY 11368
      View Details
    • $1,750,000

      Legal Three-Family Home with Parking

      Three-family home with finished basement, balconies, and private parking.
      108-11 44Th Ave, Queens, NY 11368
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Renovated Apartment in Corona, Queens

      Renovated 2-bedroom apartment in prime Corona, Queens location.
      104-44 42Nd Ave, Flushing, NY 11368
      View Details
    • $3,000 /Mo

      Corona Apartment for Rent

      Two-bedroom, one-bath apartment in vibrant Queens neighborhood.
      40-10 102Nd St, Flushing, NY 11368
      View Details
    • $3,000 /Mo

      Spacious Three-Bedroom Apartment in Corona

      Comfortable 3-bedroom, 2-bathroom apartment in Corona, Queens, available now.
      34-53 106Th St, Corona, NY 11368
      View Details
    • $75 SF/Yr
      4,000 SF

      Junction Blvd Retail Space

      4,000 SF Retail Space - Jackson Heights
      38-39 Jct Blvd, New York, NY 11368
      View Details
    • Contact for pricing
      75,000 SF

      Roosevelt Avenue Retail Portfolio

      Queens Retail Space: Multiple Units Available
      0 Roosevelt Ave, Queens, NY 11368
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Urban Corridor

      Retail space with high pedestrian traffic near the #7 train.
      3713-3715 Junction Blvd, Corona, NY 11368
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10112 46th Ave
    Flushing, NY 11368-2806
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.