Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Storefront with Basement in Corona Title is generated by Realmo AI

    108-61 Roosevelt Ave, Corona, NY 11368

    View on Map
    Claim this Listing
    For Lease
    $8,700 /Mo

    COMMERCIAL - Corona, NY

    Added:
    Nov 25, 2025
    Days on Market:
    169
    Last Refresh:
    May 13 at 12:06 am

    Property Features for 108-61 Roosevelt Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3000

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Building materials
    Brick

    We can help!

    Listing Contact
    Wenwen Gao

    Listing agent Wenwen Gao

    Listing office Prospes Real Estate Corp 198-08 33RD Ave Back Office, Flushing, NY

    Listing date Nov 25, 2025

    MLS# 938997

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High foot traffic location
    • Store front with basement
    • Close to subway and transportation
    • Central AC and Heat
    • Two bathrooms
    • Brick construction

    Overview

    This commercial property, located in Corona, NY, features a storefront with a basement. The space includes two bathrooms and central air conditioning and heating. Situated on Roosevelt Avenue, the property benefits from heavy foot traffic and is conveniently located close to the subway and other transportation options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Guadalupe's Flowers — 38-26 108th St, Corona, NY 11368
    • Flowers and Blooms — 13434 Northern Blvd, Flushing, NY 11354
    • Roses Flowers — 4604 104th St, Queens, NY 11368
    • M Flower — 135-07 38th Ave, Queens, NY 11354
    • Ming Lai Florist Inc — 35-26 Prince St, Flushing, NY 11354

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Queens
    State
    New York
    Longitude
    -73.914195
    Latitude
    40.743385

    Nearby Similar for Lease

    • $14,000/Mo

      Corona Storefront For Rent

      Storefront for rent in Corona, approximately 2500 square feet.
      3775 103rd Street, Corona, NY 11368
      View Details
    • $6,000/Mo

      Retail Space on Northern Boulevard

      Retail space in Corona with high visibility and traffic.
      104-15 Northern Boulevard, Corona, NY 11368
      View Details
    • $3,500/Mo

      Retail Storefront in Corona, NY

      Retail space available for rent in Corona, NY.
      95-15 Northern Boulevard, Corona, NY 11368
      View Details
    • $4,000/Mo

      Commercial Space for Rent

      Commercial space available for rent in Queens County.
      9718 Roosevelt Avenue, Corona, NY 11368
      View Details
    • Contact for pricing

      Retail Space in LeFrak City

      Retail opportunity at the base of a large residential complex.
      57-02 99th Street, Corona, NY 11368
      View Details
    • $35 SF/Yr

      Retail Building Available For Rent

      19,044 SF full retail building available for rent.
      111-12 N Blvd, Corona, NY
      View Details
    • Contact for pricing

      Retail Space Near 7 Train

      Retail space with high foot traffic, near the 7 train.
      3747-3787 Junction Blvd, Corona, NY
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail space with basement, high foot traffic, near transportation.
    Where is this storefront property located?
    The property is located at 108-61 Roosevelt Ave Corona, NY.
    What is the lease rate?
    The lease rate is $8,700 /Mo.
    What are key features of this property?
    This property features: High foot traffic location; Store front with basement; Close to subway and transportation
    (646) 306-9213
    We can help!
    Listing Contact
    Wenwen Gao
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    108-61 Roosevelt Ave, Corona, NY 11368
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!