Detached Two-Family
New
For Sale
$1,078,000
111-83 43rd Avenue, Corona, NY 11368
A finished attic and a basement with its own entrance supplement the two-unit layout.
Property Size1,551 SF
Lot Size0.06 Acres
Price / SF$695.04
Days on Market3
Property Features for 111-83 43rd Avenue
General Information
Standard status
Active
Size
1,551 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Zoning
R4
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,216
Amenities
Eat-in Kitchen
High Ceilings
Other
Building Details
Building Size
1,551 SF
Year Built
1915
Units
2
Listing Agency:
New Group Realty Inc
Listed By:
Xun Lin
(347) 387-9337
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 23 at 5:50PM
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 New Group Realty Inc
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Investment Insights
Based on property information with market context.
This detached two-family property in Corona contains 1,551 square feet and dates to 1915. The first floor has a kitchen, eat-in kitchen, two bedrooms, living room, dining room, and bathroom. On the second floor are a kitchen, eat-in kitchen, office, one bedroom, and bathroom. The attic is finished, and the basement has a separate entrance.
The property occupies a 25-by-100-foot lot and is zoned R4. The No. 7 train station, Citi Field, the USTA Billie Jean King National Tennis Center, Queens Zoo, and Flushing Meadows Corona Park are minutes away.
The property occupies a 25-by-100-foot lot and is zoned R4. The No. 7 train station, Citi Field, the USTA Billie Jean King National Tennis Center, Queens Zoo, and Flushing Meadows Corona Park are minutes away.
Key Highlights
- Detached two‑family property with 1,551 square feet
- 25‑by‑100‑foot lot; R4 zoning
- First floor has two bedrooms, kitchen, eat‑in kitchen, living room, dining room, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,913
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,260
$758.3K
Cap Rate 7%
$541,614
$541.6K
Cap Rate 9%
$421,256
$421.3K
Market Conditions
NOI Build-Up for 1,551 SF
Gross rent
$71.7K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$68.9K $44.44/SF
− OpEx
−$31.0K −$20.00/SF
NOI
$37.9K $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%
$758,260
Cap Rate 7%
$541,614
Cap Rate 9%
$421,256
Alternative Uses
Best Use
Apartment 5plus
$541.6K
$473.9K – $631.9K
NOI $37,913 @ 7.0% cap · market cap 3.52%
Second Best
Multifamily LT 5
$366.7K
$320.9K – $427.9K
NOI $25,672 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,039 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,381
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A finished attic and a basement with its own entrance supplement the two-unit layout.
Where is this duplex located?
The property is located at 111-83 43rd Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,078,000.
What are key features of this property?
This property features: Detached two‑family property with 1,551 square feet; 25‑by‑100‑foot lot; R4 zoning; First floor has two bedrooms, kitchen, eat‑in kitchen, living room, dining room, and bathroom
