Three-Level Duplex
For Sale
$1,500,000
111-55 43rd Avenue, New York, NY 11368
Corona residential property offers access to nearby rail service, recreation, dining, and shopping.
Property Size3,324 SF
Price / SF$451.26
Days on Market37
Property Features for 111-55 43rd Avenue
General Information
Standard status
Active
Size
3,324 SF
Property subtype
Duplex
Site & Location
Neighborhood
Corona
Public Transit
Yes
Building Details
Year Built
1969
Stories
3
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Yeraldy Santa · License #10401296917
(646) 331-8526
Source:
Neilcharlesrealestate
Added: Sep 24
Changed: Oct 30
Last Checked: Oct 30 at 1:59AM
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 EXP Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property in Corona, Queens, contains approximately 3,324 square feet of living space arranged over three levels. The building dates to 1969.
The property is near Citi Field and Flushing Meadows Park. The nearby 7 train serves the 111th Street station and connects with Mets-Willets Point and destinations across Queens and Manhattan.
The property is near Citi Field and Flushing Meadows Park. The nearby 7 train serves the 111th Street station and connects with Mets-Willets Point and destinations across Queens and Manhattan.
Key Highlights
- Approximately 3,324 square feet of living space across three levels
- Built in 1969
- Near Citi Field and Flushing Meadows Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,496
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,249,920
$2.2M
Cap Rate 7%
$1,607,086
$1.6M
Cap Rate 9%
$1,249,956
$1.2M
Market Conditions
NOI Build-Up for 3,324 SF
Gross rent
$169.5K $51.00/SF
− Vacancy
−$8.8K −$2.65/SF
EGI
$160.7K $48.35/SF
− OpEx
−$48.2K −$14.50/SF
NOI
$112.5K $33.84/SF
Area
New York, NY
Vacancy
5.20%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,249,920
Cap Rate 7%
$1,607,086
Cap Rate 9%
$1,249,956
Alternative Uses
Best Use
Multifamily LT 5
$1.61M
$1.41M – $1.87M
NOI $112,496 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$1.49M
$1.30M – $1.73M
NOI $103,999 @ 7.0% cap · market cap 6.93%
Theoretical Best
Specialty Retail
$8.27M
$7.24M – $9.65M
NOI $579,174 @ 7.0% cap · market cap 38.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Corona residential property offers access to nearby rail service, recreation, dining, and shopping.
Where is this duplex located?
The property is located at 111-55 43rd Avenue New York, 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 of living space across three levels; Built in 1969; Near Citi Field and Flushing Meadows Park
