Residential Income
For Sale
$1,580,000
10630 50th Avenue, Corona, NY 11368
A 1928-built property in Queens includes finished full-level space and off-street parking.
Property Size2,880 SF
Days on Market11
Property Features for 10630 50th Avenue
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$11,719
Building Details
Building Size
2,880 SF
Year Built
1928
Listing Agency:
Winzone Realty Inc
Listed By:
Shanshan Xie
(347) 506-8455
Source:
Serhant
Added: Oct 6
Changed: Oct 11
Last Checked: Oct 15 at 4:32AM
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 Winzone Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1928, this residential income property has finished space on a full level. The property includes electric service, separate meters, and wall or window air-conditioning units. Additional listed interior features include natural gas and other utilities or systems.
Off-street parking is available via a driveway. The property is located in Queens, at 10630 50th Avenue in Corona.
Off-street parking is available via a driveway. The property is located in Queens, at 10630 50th Avenue in Corona.
Key Highlights
- Built in 1928
- Separate electric meters
- Finished full‑level space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,400
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,000
$1.4M
Cap Rate 7%
$1,005,714
$1.0M
Cap Rate 9%
$782,222
$782.2K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$133.1K $46.20/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$128.0K $44.44/SF
− OpEx
−$57.6K −$20.00/SF
NOI
$70.4K $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%
$1,408,000
Cap Rate 7%
$1,005,714
Cap Rate 9%
$782,222
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$880.0K – $1.17M
NOI $70,400 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,622 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,188
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A 1928-built property in Queens includes finished full-level space and off-street parking.
Where is this residential income property located?
The property is located at 10630 50th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Built in 1928; Separate electric meters; Finished full‑level space
