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    53-12 102Nd St Flushing, NY 11368

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    For Sale
    $2,680,000

    Prime investment opportunity in Corona with steady rental income.

    Lot size:
    0.06 Acres

    Property Features for 53-12 102Nd St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    2015

    Source: Jamie Realty Group Agent Xuejuan Zhang

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

    Overview

    Well-Maintained 7-Family Investment Property

    This well-maintained 7-family property is located in Corona and offers an investment opportunity. The building has approximately 5,116 sq ft of interior space and is situated on a 25' x 100' lot with R6B zoning. The building dimensions are 25' x 51.5'. The layout includes a spacious living/dining area and kitchen in each unit. The first floor features a 3-bedroom, 2-bathroom unit. The upper three floors each contain two 1-bedroom, 1-bathroom apartments. The property benefits from a 421-A tax abatement. It is located near local shops, restaurants, parks, schools, and the Q38 bus.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.866917
    Latitude
    40.761079

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    FAQs

    What type of property is this?
    Apartment building - Prime investment opportunity in Corona with steady rental income.
    Where is this apartment building located?
    The property is located at 53-12 102Nd St Flushing, NY.
    What is the asking price?
    The asking price for this property is $2,680,000.
    What are key features of this property?
    This property features: - Prime investment opportunity in the heart of Corona.; - 7-family property with a desirable layout.; - 421-A tax abatement.
    (646) 641-0506
    Request Owner's contact information
    53-12 102Nd St Flushing, NY 11368
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    Realmo Value Estimation

    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.

    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.

    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
    53-12 102Nd St Flushing, NY 11368
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