Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    107-02 34Th Ave Corona, NY 11368

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,890,000

    Commercial land for sale in Corona, NY.

    Property Features for 107-02 34Th Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1931

    We can help!

    Listing Contact
    Xiao H. Chen
    Source: Exitrealty

    Listing Agency: E Realty International Corp Listing Agent: Xiao H. Chen

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

    Learn more

    Overview

    Commercial Land Available For Sale

    Commercial land is available for sale. The property is located in Corona, NY.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Queens
    State
    New York
    Longitude
    -73.902814
    Latitude
    40.752092

    Nearby Similar for Sale

    • $3,280,000

      Mixed-Use Building in Corona, NY

      Four-family property with commercial storefront in high-demand neighborhood.
      37-31 103Rd St, Corona, NY 11368
      View Details
    • $519,000
      0.14 Acres

      Commercial Property in Corona, NY

      Income-producing business opportunity in a high-traffic commercial area.
      112-13 Roosevelt Ave, Corona, NY 11368
      View Details
    • $110,000
      0.05 Acres

      Established Deli on Northern Blvd

      Profitable Mexican deli business for sale in Corona, NY.
      10322 Northern Boulevard, Corona, NY 11368
      View Details
    • $150,000

      Established Flower Shop on Northern Boulevard

      Profitable flower shop with high foot traffic on Northern Boulevard.
      107-07 Northern Boulevard, Corona, NY 11368
      View Details
    • $5,000,000
      12,800 SF

      Two-Building Package in Corona, NY

      Two-building package deal with parking in high-demand Queens location.
      10219 44Th Ave, Corona, NY 11368
      View Details
    • $1,490,000
      6,598 SF

      Mixed-Use Building in Corona, NY

      Mixed-use building with retail space and two residential units.
      102-06 43Rd Ave, Corona, NY 11368
      View Details
    • $4,000,000
      18,520 SF

      Two-Building Warehouse Package in Corona

      Two industrial buildings totaling 18,520 SF with parking.
      10211 44Th Ave, Corona, NY 11368
      View Details
    • $2,500,000
      4,092 SF

      Corona Mixed-Use Investment Opportunity

      Fully occupied mixed-use building near subway with strong income.
      37-84 103Rd St, Corona, NY 11368
      View Details
    • $1,488,000
      1,000 SF

      Corona Income-Producing Mixed-Use Property

      Detached building in Corona with redevelopment potential near Roosevelt Avenue.
      10460 Roosevelt Ave, Corona, NY 11368
      View Details
    • $1,400,000
      2,507 SF

      Corona Multi-Unit Investment Opportunity

      Three-unit building in Corona, Queens, with development potential.
      110-26 Corona Ave, Corona, NY 11368
      View Details
    • $2,986,000
      4,930 SF

      New Corona Multifamily Investment

      New six-family building in high-demand Corona rental area.
      104-22 Corona Ave, Corona, NY 11368
      View Details
    • $1,898,000
      3,630 SF

      Corona, NY Multi-Unit Investment

      High-income property near transportation, schools, shopping, and major highways.
      57-32 Xenia St, Corona, NY 11368
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale in Corona, NY.
    Where is this commercial land located?
    The property is located at 107-02 34Th Ave Corona, NY.
    What is the asking price?
    The asking price for this property is $1,890,000.
    What are key features of this property?
    This property features: - Commercial land for sale.; - Located in a prime location within Corona, NY.; - Land suitable for commercial development.
    (917) 225-1560
    Request Owner's contact information
    107-02 34Th Ave Corona, NY 11368
    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.
    107-02 34Th Ave
    Corona, NY 11368
    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
    107-02 34Th Ave Corona, NY 11368
    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
    Xiao H. Chen
    Real Estate License ID: 10401299357
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!