Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    111-12 Boulevard N Corona, NY 11357

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $35 SF/Yr

    19,044 SF full retail building available for rent.

    Property size:
    24,142 SF
    Lot size:
    0.21 Acres

    Property Features for 111-12 Boulevard N

    General Information

    Size
    24,142 SF
    Lot size
    0.21 Acres

    We can help!

    Listing Contact
    Yehuda Feder
    Source: Moodyscre

    Listing Agent: Yehuda Feder

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Building Available For Rent

    The property is a full building offering 19,044 square feet of retail space. The property size is 24,142 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Queens
    State
    New York
    Longitude
    -73.829722
    Latitude
    40.790509

    Nearby Similar for Lease

    • $3,500 /Mo

      Retail Storefront in Corona, NY

      Retail space available for rent in Corona, NY.
      95-15 Northern Boulevard, Corona, NY 11368
      View Details
    • $6,000 /Mo
      1,756 SF

      New Retail Space in Corona

      New construction retail space available for rent in Corona.
      3713 103Rd St, Corona, NY 11368
      View Details
    • New
      $4,300 /Mo
      1,140 SF

      Prime Corner Retail Pharmacy Space

      Corner retail space with high visibility and traffic in Corona.
      140-01 Northern Boulevard, Corona, NY 11368
      View Details
    • $8,700 /Mo

      Storefront with Basement in Corona

      Retail space with basement, high foot traffic, near transportation.
      108-61 Roosevelt Ave, Corona, NY 11368
      View Details
    • $5,000 /Mo
      1,300 SF

      Versatile Space in Corona, NY

      Community facility space suitable for various professional uses.
      108-05 36Th Ave, Corona, NY 11368
      View Details
    • $14,000 /Mo
      2,335 SF

      Corona Storefront For Rent

      Storefront for rent in Corona, approximately 2500 square feet.
      3775 103Rd St, Corona, NY 11368
      View Details
    • $5,000 /Mo

      Corona Commercial Space For Rent

      Commercial space in Corona near 7 train station.
      111-21 Roosevelt Ave, Corona, NY 11368
      View Details
    • Contact for pricing
      57,464 SF

      Retail Space in LeFrak City

      Retail opportunity at the base of a large residential complex.
      57-02 99Th St, Corona, NY 11368
      View Details
    • $3,000 /Mo

      Spacious Three-Bedroom Apartment in Corona

      Comfortable 3-bedroom, 2-bathroom apartment in Corona, Queens, available now.
      34-53 106Th St, Corona, NY 11368
      View Details
    • Contact for pricing
      2,900 SF

      Retail Space Near 7 Train

      Retail space with high foot traffic, near the 7 train.
      3747-3787 Junction Blvd, Corona, NY 11368
      View Details
    • Contact for pricing

      Great 1401 Northern Boulevard street intersection, 20 feet of frontage, sign visibility, foot and 26k+ car traffic daily!

      Reputable Pharmacy Retail Corner Store Lease Takeover
      140-01 Northern Boulevard, Corona, NY 11368
      View Details

    FAQs

    What type of property is this?
    Retail property - 19,044 SF full retail building available for rent.
    Where is this retail property located?
    The property is located at 111-12 Boulevard N Corona, NY.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - Full building available; - 19,044 SF
    (212) 349-2154
    Request Owner's contact information
    111-12 Boulevard N Corona, NY 11357
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    111-12 Boulevard N
    Corona, NY 11357
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111-12 Boulevard N Corona, NY 11357
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Yehuda Feder
    (212) 349-2154
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.