Brick
New
For Sale
$1,500,000
111-55 43rd ave, Corona, NY 11368
Residential Income, Corona, NY
Property Size3,324 SF
Price / SF$451.26
Days on Market1
Property Features for 111-55 43rd ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 8, Bedroom 3, Bedroom 7, Bedroom 5
Parking features
Driveway
Interior features
First Floor Bedroom, Eat-in Kitchen
Elementary school
Ps 28 Thomas Emanuel Early Child Ctr
Middle school
Is 61 Leonardo Da Vinci
High school
High School For Arts & Business
Elementary school district
Queens 24
Middle school district
Queens24
High school district
Queens24
Standard status
Active
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12502
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1969
Number of units
3
Building materials
Brick
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Yeraldy Santa
(646) 331-8526
Added: Sep 24
Last Checked: Sep 24 at 7:06PM
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.
Investment Insights
Based on property information with market context.
This brick, three-family townhouse contains approximately 3,324 square feet of living space across three levels. Built in 1969, it has central air conditioning, natural gas heat, an eat-in kitchen, and a bedroom on the first floor. A driveway provides on-site parking.
The property is in Corona, near Citi Field and Flushing Meadows Park. The nearby 7 train serves destinations in Queens and Manhattan.
The property is in Corona, near Citi Field and Flushing Meadows Park. The nearby 7 train serves destinations in Queens and Manhattan.
Key Highlights
- Three‑family brick townhouse with approximately 3,324 square feet across three levels
- Built in 1969
- Central air conditioning and natural gas heat
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,253
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,625,060
$1.6M
Cap Rate 7%
$1,160,757
$1.2M
Cap Rate 9%
$902,811
$902.8K
Market Conditions
NOI Build-Up for 3,324 SF
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.
Gross rent
$153.6K $46.20/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$147.7K $44.44/SF
− OpEx
−$66.5K −$20.00/SF
NOI
$81.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,625,060
Cap Rate 7%
$1,160,757
Cap Rate 9%
$902,811
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.02M – $1.35M
NOI $81,253 @ 7.0% cap · market cap 5.42%
Second Best
Multifamily LT 5
$786.0K
$687.7K – $917.0K
NOI $55,018 @ 7.0% cap · market cap 3.67%
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.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,673
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three levels include central air, driveway parking, and a first-floor bedroom.
Where is this triplex located?
The property is located at 111-55 43rd ave 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: Three‑family brick townhouse with approximately 3,324 square feet across three levels; Built in 1969; Central air conditioning and natural gas heat
