Three-Family Property with Two
New
For Sale
$1,648,000
10455 39th Avenue, Corona, NY 11368
Two separate buildings on one lot provide a three-unit residential configuration in Corona, Queens.
Property Size3,100 SF
Price / SF$531.61
Days on Market3
Property Features for 10455 39th Avenue
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,034
Amenities
Open Floorplan
Building Details
Building Size
3,100 SF
Year Built
1920
Buildings
2
Units
3
Listing Agency:
RE/MAX Southshore Realty
Listed By:
Andres R. Laucet · License #30LA1174627
(347) 706-2949
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:46PM
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 RE/MAX Southshore Realty
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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.
This multifamily property in Corona, Queens, consists of three residential units across two separate buildings on one lot. The property was built in 1920.
Its configuration combines multiple residential units with separate buildings at a single address, 10455 39th Avenue.
Its configuration combines multiple residential units with separate buildings at a single address, 10455 39th Avenue.
Key Highlights
- Three residential units across two buildings
- Both buildings occupy one lot
- Located at 10455 39th Avenue in Corona, Queens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,778
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,515,560
$1.5M
Cap Rate 7%
$1,082,543
$1.1M
Cap Rate 9%
$841,978
$842.0K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$143.2K $46.20/SF
− Vacancy
−$5.4K −$1.76/SF
EGI
$137.8K $44.44/SF
− OpEx
−$62.0K −$20.00/SF
NOI
$75.8K $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%
$1,515,560
Cap Rate 7%
$1,082,543
Cap Rate 9%
$841,978
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$947.2K – $1.26M
NOI $75,778 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $159,975 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,035
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate buildings on one lot provide a three-unit residential configuration in Corona, Queens.
Where is this multifamily property located?
The property is located at 10455 39th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,648,000.
What are key features of this property?
This property features: Three residential units across two buildings; Both buildings occupy one lot; Located at 10455 39th Avenue in Corona, Queens
