3-Unit Brick
111-55 43rd Ave, Queens, NY 11368
For Sale
$1,500,000
The residence is configured across three levels in Corona, Queens.
Property Size3,324 SF
Price / SF$451.26
Days on Market49
Property Features for 111-55 43rd Ave
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
eXp Realty
Listed By:
Yeraldy Santa · License NY #10401296917
(646) 331-8526
Source:
Elliman
Added: Sep 26
Changed: Nov 13
Last Checked: Nov 12 at 8:40AM
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 three-family brick residence in Corona, Queens, contains approximately 3,324 square feet across three levels. Constructed in 1969, the property is classified as a triplex.
Citi Field and Flushing Meadows Park are nearby. The 7 train serves the area, with service from 111th Street toward Mets–Willets Point and destinations across Queens and Manhattan.
Citi Field and Flushing Meadows Park are nearby. The 7 train serves the area, with service from 111th Street toward Mets–Willets Point and destinations across Queens and Manhattan.
Key Highlights
- Three‑family brick residence with approximately 3,324 square feet across three levels
- Built in 1969
- Near Citi Field and Flushing Meadows Park
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
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,928
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
$751,700
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Queens, NY
Properties on Market for Triplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The residence is configured across three levels in Corona, Queens.
Where is this triplex located?
The property is located at 111-55 43rd Ave Queens, 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 residence with approximately 3,324 square feet across three levels; Built in 1969; Near Citi Field and Flushing Meadows Park
