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    49-04 111Th St Flushing, NY 11368

    For Sale
    $1,899,999

    Mixed-use property with apartments and commercial unit in Corona.

    Lot size:
    0.04 Acres

    Property Features for 49-04 111Th St

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1931

    Source: Winzone Realty Inc Agent Elena Jimenez Modesta

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

    Overview

    Mixed-Use Property in Corona, Queens

    This mixed-use property is located in Corona, Queens. The building includes three apartments and one commercial unit, along with a basement and a two-car driveway. The property is situated on a 3,300 sqft lot. Nearby landmarks include Flushing Meadows Corona Park, Queens Museum, and Terrace on the Park. The location benefits from pedestrian traffic and transportation access.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -73.855691
    Latitude
    40.785109

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with apartments and commercial unit in Corona.
    Where is this mixed-use property located?
    The property is located at 49-04 111Th St Flushing, NY.
    What is the asking price?
    The asking price for this property is $1,899,999.
    What are key features of this property?
    This property features: - Prime mixed-use property in Corona, Queens, offering both residential and commercial income potential.; - **Three well-maintained apartments plus one commercial unit provide diversified income streams.**; - Excellent location with steady pedestrian traffic and easy transportation access.
    (646) 633-2075
    Request Owner's contact information
    49-04 111Th St Flushing, NY 11368
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    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
    49-04 111Th St Flushing, NY 11368
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