Two-Family Home with Finished
108-13 37th Avenue, Corona, NY 11368
For Sale
$1,348,000
Separate entrances, boilers, and electric meters serve the two residences.
Property Size1,822 SF
Lot Size0.07 Acres
Price / SF$739.85
Days on Market17
Property Features for 108-13 37th Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Jamie Realty Group
Listed By:
Xiao Zheng · License #10491212408
(718) 309-2982
Source:
Georgemcknight
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 4:09PM
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
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Investment Insights
Based on property information with market context.
This two-family property has a three-bedroom, two-bathroom first-floor residence and a second-floor unit with three bedrooms and one bathroom. The finished basement adds further interior space. Separate entrances, two hot-water boilers, and two electric meters are among the property’s building features, with a two-car driveway providing off-street parking.
The lot measures 24 x 132, and the building measures 20 x 41. Zoning is R6B and R5. The property is within walking distance of the #7 subway train, with an approximately 20-minute commute to Manhattan. Restaurants, supermarkets, schools, and shops are nearby.
The lot measures 24 x 132, and the building measures 20 x 41. Zoning is R6B and R5. The property is within walking distance of the #7 subway train, with an approximately 20-minute commute to Manhattan. Restaurants, supermarkets, schools, and shops are nearby.
Key Highlights
- Two residences: first floor has 3 bedrooms and 2 full bathrooms; second floor has 3 bedrooms and 1 full bathroom
- Finished basement
- 24 x 132 lot; building measures 20 x 41
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,538
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,760
$890.8K
Cap Rate 7%
$636,257
$636.3K
Cap Rate 9%
$494,867
$494.9K
Market Conditions
NOI Build-Up for 1,822 SF
Gross rent
$84.2K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$81.0K $44.44/SF
− OpEx
−$36.4K −$20.00/SF
NOI
$44.5K $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%
$890,760
Cap Rate 7%
$636,257
Cap Rate 9%
$494,867
Alternative Uses
Best Use
Apartment 5plus
$636.3K
$556.7K – $742.3K
NOI $44,538 @ 7.0% cap · market cap 3.30%
Second Best
Multifamily LT 5
$430.8K
$377.0K – $502.6K
NOI $30,157 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,024 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,436
Businesses Nearby
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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
Properties on Market for Duplexes in Corona
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, boilers, and electric meters serve the two residences.
Where is this duplex located?
The property is located at 108-13 37th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,348,000.
What are key features of this property?
This property features: Two residences: first floor has 3 bedrooms and 2 full bathrooms; second floor has 3 bedrooms and 1 full bathroom; Finished basement; 24 x 132 lot; building measures 20 x 41
