Brick Three-Family
For Sale
$1,500,000
111-55 43rd Avenue, Corona, NY 11368
Residential Income, Corona, NY
Property Size3,324 SF
Price / SF$451.26
Days on Market13
Property Features for 111-55 43rd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 5, Bedroom 3, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 7, Bathroom 3, Bathroom 1, Bedroom 4
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
APN
02015-0055
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
Changed: Oct 5
Last Checked: Oct 6 at 1:06AM
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.
Investment Insights
Based on property information with market context.
This brick triplex contains 3,324 square feet of living area arranged over three levels. The property was built in 1969 and has eight bedrooms and five bathrooms. Interior features include an eat-in kitchen and a first-floor bedroom. Central air conditioning and natural gas heating serve the home, with a driveway for parking.
The property is in Corona, Queens, near Citi Field and Flushing Meadows Park. The nearby 7 train provides service toward Mets–Willets Point and destinations in Queens and Manhattan.
The property is in Corona, Queens, near Citi Field and Flushing Meadows Park. The nearby 7 train provides service toward Mets–Willets Point and destinations in Queens and Manhattan.
Key Highlights
- 3,324 square feet of living area across three levels
- Three‑family brick property built in 1969
- Eight bedrooms and five bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,253
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
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
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 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
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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?
Triplex - The three-level layout offers substantial living space, central air, and natural gas heating.
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: 3,324 square feet of living area across three levels; Three‑family brick property built in 1969; Eight bedrooms and five bathrooms
