New Construction Three-Family
107-47 49th Ave, Corona, NY 11368
For Sale
$2,290,000
Three residences offer varied layouts, private outdoor areas, and a finished basement.
Property Size2,700 SF
Price / SF$848.15
Days on Market20
Property Features for 107-47 49th Ave
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
balconies
skylights
finished basement
paved driveway
covered parking
Finished
Tile
6
Yes
8
Eat-in Kitchen,Granite Counters,Open Floorplan,Open Kitchen
Public
3
No
Driveway, Private
Balcony
Concrete Perimeter
Building Details
Year Built
Stories
Construction
Listing Agency:
Jamie Realty Group
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 7 at 5:19PM
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 Jamie Realty Group
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.
Completed in 2023, this three-family property has brick construction with steel beam framing and a total of 2,700 square feet. The first-floor residence includes two bedrooms, one and a half bathrooms, backyard access, and a finished basement with a utility room and recreation area. Each upper-floor residence has three bedrooms and one and a half bathrooms. Both include front and rear balconies; the third-floor unit also features skylights in the living room and bathroom.
A paved driveway and covered parking serve the property. The building is on a residential block in Corona, with shopping, schools, parks, and public transportation nearby. The 7 train station is a 12-minute walk away.
A paved driveway and covered parking serve the property. The building is on a residential block in Corona, with shopping, schools, parks, and public transportation nearby. The 7 train station is a 12-minute walk away.
Key Highlights
- Three‑family property completed in 2023
- 2,700 square feet with brick construction and steel beam framing
- First‑floor residence: 2 bedrooms, 1.5 bathrooms, backyard access, and finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,000
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,000
$1.3M
Cap Rate 7%
$942,857
$942.9K
Cap Rate 9%
$733,333
$733.3K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$124.7K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$120.0K $44.44/SF
− OpEx
−$54.0K −$20.00/SF
NOI
$66.0K $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%
$1,320,000
Cap Rate 7%
$942,857
Cap Rate 9%
$733,333
Alternative Uses
Best Use
Apartment 5plus
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 2.88%
Second Best
Multifamily LT 5
$638.4K
$558.6K – $744.8K
NOI $44,689 @ 7.0% cap · market cap 1.95%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,333 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,558
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
Market
Properties on Market for Triplexes in Corona
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer varied layouts, private outdoor areas, and a finished basement.
Where is this triplex located?
The property is located at 107-47 49th Ave Corona, NY.
What is the asking price?
The asking price for this property is $2,290,000.
What are key features of this property?
This property features: Three‑family property completed in 2023; 2,700 square feet with brick construction and steel beam framing; First‑floor residence: 2 bedrooms, 1.5 bathrooms, backyard access, and finished basement
