Two-Family Home With
For Sale
$1,250,000
108-54 41st Avenue, Corona, NY 11368
Two-family home with reliable tenants, a flexible full basement, and walkable access to the subway.
Days on Market122
Property Features for 108-54 41st Avenue
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
1,766 SF
Year Built
1910
Listing Agency:
Winzone Realty Inc
368
Listed By:
Lawrence Gao · License #10401301792
Source:
Serhant
Added: Mar 31
Changed: Jul 30
Last Checked: Jul 30 at 3:13PM
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
Investment Insights
Based on property information with market context.
This two-family home is currently fully rented with reliable tenants, with the option to be delivered vacant at closing. The first floor features three bedrooms and one bathroom. The second floor offers four bedrooms and two bathrooms. A full basement is available and could be used as recreation space, providing additional flexible area for an owner-occupant or tenant needs.
Located at 108-54 41st Avenue in Corona, NY 11368, the property is a short walk to the subway—about a 3-minute walk. It’s also a few steps away from a key commercial street in Corona, and within walking distance to a park.
Built in 1910, the home presents a classic two-unit configuration with an internal full basement, and it may suit buyers seeking residential income with the option to take possession of the unit(s) at closing if desired.
Located at 108-54 41st Avenue in Corona, NY 11368, the property is a short walk to the subway—about a 3-minute walk. It’s also a few steps away from a key commercial street in Corona, and within walking distance to a park.
Built in 1910, the home presents a classic two-unit configuration with an internal full basement, and it may suit buyers seeking residential income with the option to take possession of the unit(s) at closing if desired.
Key Highlights
- Fully rented two‑family with reliable tenants; can be delivered vacant at closing
- First floor layout: 3 bedrooms and 1 bathroom
- Second floor layout: 4 bedrooms and 2 bathrooms
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.6k | $46.20 |
| − Vacancy | −$3.1k | −$1.76 |
| EGI | $78.5k | $44.44 |
| − OpEx | −$35.3k | −$20.00 |
| NOI | $43.2k | $24.44 |
1,766 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$616.7K
$539.6K – $719.5K
NOI $43,169 @ 7.0% cap · market cap 3.45%
Second Best
Multifamily LT 5
$417.6K
$365.4K – $487.2K
NOI $29,230 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,134 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,119
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with reliable tenants, a flexible full basement, and walkable access to the subway.
Where is this duplex located?
The property is located at 108-54 41st Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully rented two‑family with reliable tenants; can be delivered vacant at closing; First floor layout: 3 bedrooms and 1 bathroom; Second floor layout: 4 bedrooms and 2 bathrooms
