Brick
111-55 43rd Avenue, Corona, NY 11368
For Sale
$1,500,000
Residential Income, Corona, NY
Property Size3,324 SF
Price / SF$451.26
Days on Market47
Property Features for 111-55 43rd Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Yeraldy Santa · License #10401296917
(646) 331-8526
Added: Sep 24
Changed: Nov 6
Last Checked: Nov 9 at 8:06AM
MLS# 1055139
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.
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Investment Insights
Based on property information with market context.
Built in 1969, this brick triplex has approximately 3,324 square feet of living area arranged across three levels. Interior features include a first-floor bedroom, with central air conditioning and natural gas heating. A driveway provides on-site parking.
The property is near Citi Field and Flushing Meadows Park. The 7 train serves the area, with connections toward Mets-Willets Point and destinations in Queens and Manhattan.
The property is near Citi Field and Flushing Meadows Park. The 7 train serves the area, with connections toward Mets-Willets Point and destinations in Queens and Manhattan.
Key Highlights
- Approximately 3,324 square feet across three levels
- Brick construction; built in 1969
- Central air conditioning and natural gas heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,139
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,642,780
$1.6M
Cap Rate 7%
$1,173,414
$1.2M
Cap Rate 9%
$912,656
$912.7K
Market Conditions
NOI Build-Up for 3,324 SF
Gross rent
$127.6K $38.40/SF
− Vacancy
−$10.3K −$3.10/SF
EGI
$117.3K $35.30/SF
− OpEx
−$35.2K −$10.59/SF
NOI
$82.1K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,642,780
Cap Rate 7%
$1,173,414
Cap Rate 9%
$912,656
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.03M – $1.37M
NOI $82,139 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$1.16M
$1.02M – $1.35M
NOI $81,253 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,534 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
2,673
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 Triplexes in Corona
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The three-level property combines substantial living space with central air and driveway parking.
Where is this triplex located?
The property is located at 111-55 43rd Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 3,324 square feet across three levels; Brick construction; built in 1969; Central air conditioning and natural gas heat
