Updated Two-Family Home in
For Sale
$1,275,000
3517 109th St, Queens, NY 11368
Renovated two-family home with rental income potential in Queens.
Property Size1,792 SF
Lot Size0.05 Acres
Days on Market314
Property Features for 3517 109th St
General Information
Standard status
Active
Size
1,792 SF
Lot size
0.05 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$6,985
Building Details
Building Size
1,792 SF
Year Built
1910
Units
2
Listed By:
Connie Francisco
(347) 678-4819
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 28
Last Checked: Oct 7 at 12:10PM
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 Connie Francisco
Investment Insights
Based on property information with market context.
This updated two-family home is located in Corona. The first floor has been completely renovated with modern finishes, offering a turnkey living space. The basement has been fully redone, providing additional flexible space perfect for recreation, storage, or extended living. The second floor features a newly built duplex unit, designed with comfort and functionality in mind. The property is conveniently located near schools, shopping, parks, and public transportation. This property is an excellent opportunity for both investors and end users seeking rental income potential in one of Queens most desirable neighborhoods.
Key Highlights
- Fully renovated 2‑family home with modern finishes.
- Newly built duplex unit on the second floor.
- Fully redone basement providing flexible space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,804
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,080
$876.1K
Cap Rate 7%
$625,771
$625.8K
Cap Rate 9%
$486,711
$486.7K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$82.8K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$79.6K $44.44/SF
− OpEx
−$35.8K −$20.00/SF
NOI
$43.8K $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%
$876,080
Cap Rate 7%
$625,771
Cap Rate 9%
$486,711
Alternative Uses
Best Use
Apartment 5plus
$625.8K
$547.6K – $730.1K
NOI $43,804 @ 7.0% cap · market cap 3.44%
Second Best
Multifamily LT 5
$423.7K
$370.8K – $494.3K
NOI $29,660 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,476 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,548
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?
Duplex - Renovated two-family home with rental income potential in Queens.
Where is this duplex located?
The property is located at 3517 109th St Queens, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Fully renovated 2‑family home with modern finishes.; Newly built duplex unit on the second floor.; Fully redone basement providing flexible space.
