Brick Duplex With
For Sale
$1,100,000
10819 48th Ave, Corona, NY 11368
Two-family residence with a three-bedroom duplex, separate one-bedroom apartment, and outdoor access from both living areas.
Property Size2,268 SF
Price / SF$485.01
Days on Market71
Property Features for 10819 48th Ave
General Information
Standard status
Active
Size
2,268 SF
Property subtype
Multi-Family
Building Details
Year Built
1965
Listing Agency:
Annkey Realty, Inc.
Listed By:
Thinley Yangkyi
(347) 553-2661
Source:
Searchhomesinlongisland
Added: Aug 6
Changed: Oct 1
Last Checked: Oct 12 at 7:45PM
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 Annkey Realty, Inc.
Investment Insights
Based on property information with market context.
This full-brick duplex includes a three-bedroom main residence arranged across two levels and a separate one-bedroom apartment on the first floor. The primary home includes a kitchen, connected dining and living areas, a half bath, three bedrooms with individual closets, and hardwood flooring. The lower apartment provides an additional living area with direct access to the backyard.
Built in 1965, the property offers two distinct residential spaces along with a rear patio and backyard. Its Corona location places the home minutes from the 7 Train, with access to Manhattan and other parts of Queens, plus nearby shopping, dining, and daily services.
Built in 1965, the property offers two distinct residential spaces along with a rear patio and backyard. Its Corona location places the home minutes from the 7 Train, with access to Manhattan and other parts of Queens, plus nearby shopping, dining, and daily services.
Key Highlights
- Full‑brick two‑family property built in 1965
- Three‑bedroom duplex with kitchen, dining area, living room, and half bath
- Separate first‑floor one‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,440
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,800
$1.1M
Cap Rate 7%
$792,000
$792.0K
Cap Rate 9%
$616,000
$616.0K
Market Conditions
NOI Build-Up for 2,268 SF
Gross rent
$104.8K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$100.8K $44.44/SF
− OpEx
−$45.4K −$20.00/SF
NOI
$55.4K $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%
$1,108,800
Cap Rate 7%
$792,000
Cap Rate 9%
$616,000
Alternative Uses
Best Use
Apartment 5plus
$792.0K
$693.0K – $924.0K
NOI $55,440 @ 7.0% cap · market cap 5.04%
Second Best
Multifamily LT 5
$536.3K
$469.2K – $625.7K
NOI $37,539 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,040 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,069
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with a three-bedroom duplex, separate one-bedroom apartment, and outdoor access from both living areas.
Where is this duplex located?
The property is located at 10819 48th Ave Corona, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Full‑brick two‑family property built in 1965; Three‑bedroom duplex with kitchen, dining area, living room, and half bath; Separate first‑floor one‑bedroom apartment
