Mixed-Use Building with
New
For Sale
$1,899,000
107-01 37th Avenue, Corona, NY 11368
Ground-floor retail space is paired with additional upper-level rooms and windows.
Property Size2,060 SF
Days on Market4
Property Features for 107-01 37th Avenue
General Information
Standard status
Active
Size
2,060 SF
Property subtype
Mixed Use
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$15,028
Building Details
Building Size
2,060 SF
Year Built
1930
Buildings
1
Listing Agency:
Real Broker NY LLC
Listed By:
Charles Tineo
(347) 669-3410
Source:
Serhant
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 11:43AM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this mixed-use building combines a ground-floor retail storefront with additional space on the upper levels. Large display windows, an awning, and a direct sidewalk entrance define the commercial frontage, while upper floors have windows that bring in natural light.
The property occupies the corner of 37th Avenue and 107th Street in Corona, New York. Sidewalks, crosswalks, and corner ramps serve the intersection, with street parking nearby. The surrounding streetscape includes neighborhood storefronts and residential-style buildings, as well as mature trees along the block.
The property occupies the corner of 37th Avenue and 107th Street in Corona, New York. Sidewalks, crosswalks, and corner ramps serve the intersection, with street parking nearby. The surrounding streetscape includes neighborhood storefronts and residential-style buildings, as well as mature trees along the block.
Key Highlights
- Ground‑floor storefront with large display windows, an awning, and sidewalk entry
- Additional upper‑level space with windows
- Corner location at 37th Avenue and 107th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,342
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,906,840
$1.9M
Cap Rate 7%
$1,362,029
$1.4M
Cap Rate 9%
$1,059,356
$1.1M
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$136.0K $66.00/SF
− Vacancy
−$8.8K −$4.29/SF
EGI
$127.1K $61.71/SF
− OpEx
−$31.8K −$15.43/SF
NOI
$95.3K $46.28/SF
Area
Queens County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,906,840
Cap Rate 7%
$1,362,029
Cap Rate 9%
$1,059,356
Alternative Uses
Best Use
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,342 @ 7.0% cap · market cap 5.02%
Second Best
Retail
$525.3K
$459.6K – $612.9K
NOI $36,771 @ 7.0% cap · market cap 1.94%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,306 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,436
Businesses Nearby
748k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 29%
Apparel 17%
Superstores 16%
Home Improvements & Furnishings 13%
BJ's Wholesale Club
Superstores
119,525 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
93,325 visits/mo
0.2 miles
H Mart
Groceries
69,262 visits/mo
0.3 miles
Marshalls
Apparel
66,127 visits/mo
0.3 miles
Burlington
Apparel
57,951 visits/mo
0.5 miles
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail space is paired with additional upper-level rooms and windows.
Where is this mixed-use property located?
The property is located at 107-01 37th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Ground‑floor storefront with large display windows, an awning, and sidewalk entry; Additional upper‑level space with windows; Corner location at 37th Avenue and 107th Street
