Turn-Key Mixed-Use Storefront
1a-10607 Northern Blvd Corona, NY
For Sale
$2,260,000
Three-level commercial unit with finished basement and curb cut for loading/pull-up access.
Property Size5,905 SF
Price / SF$382.73
Days on Market51
Property Features for 1a-10607 Northern Blvd
General Information
Standard status
Active
Size
5,905 SF
Listing Agency:
United Real Estate Fortune
(917) 386-7888
Listed By:
Na Lin
(917) 386-7888
Source:
Exprealty
Added: Jun 9
Changed: Jul 27
Last Checked: Jul 27 at 12:46PM
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 United Real Estate Fortune
Investment Insights
Based on property information with market context.
This turn-key mixed-use commercial property is arranged as a three-level unit with retail-oriented ground floor space, a second-floor commercial area, and a finished basement. The ground floor includes storefront frontage described as approximately 25'–38', and the lower level is finished to support additional on-site operations.
A curb cut provides loading/pull-up access, and the property also includes a private driveway sized 23' x 100' for multiple cars. Operating costs listed include a common charge of $1,410 per month and real estate taxes of $2,410 per month.
The asset is located on Northern Blvd in Corona and is described as being within walking distance of a highly anticipated Metropolitan Park development tied to a casino and entertainment complex. The remarks also reference projected area growth in the Corona/Willets Point corridor and increasing demand for local services such as retail and dining.
A curb cut provides loading/pull-up access, and the property also includes a private driveway sized 23' x 100' for multiple cars. Operating costs listed include a common charge of $1,410 per month and real estate taxes of $2,410 per month.
The asset is located on Northern Blvd in Corona and is described as being within walking distance of a highly anticipated Metropolitan Park development tied to a casino and entertainment complex. The remarks also reference projected area growth in the Corona/Willets Point corridor and increasing demand for local services such as retail and dining.
Key Highlights
- Three‑level commercial unit with finished basement: 2,693 SF ground floor, 1,537 SF second floor, and 1,675 SF finished basement
- Ground‑floor storefront frontage estimated at 25'–38'
- Curb cut provides loading and pull‑up access
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $297.6k | $50.40 |
| − Vacancy | −$38.4k | −$6.50 |
| EGI | $259.2k | $43.90 |
| − OpEx | −$64.8k | −$10.97 |
| NOI | $194.4k | $32.92 |
5,905 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.78M
$2.43M – $3.24M
NOI $194,415 @ 7.0% cap · market cap 8.60%
Second Best
Retail
$1.51M
$1.32M – $1.76M
NOI $105,404 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,726 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Three-level commercial unit with finished basement and curb cut for loading/pull-up access.
Where is this live-work space located?
The property is located at 1a-10607 Northern Blvd Corona, NY.
What is the asking price?
The asking price for this property is $2,260,000.
What are key features of this property?
This property features: Three‑level commercial unit with finished basement: 2,693 SF ground floor, 1,537 SF second floor, and 1,675 SF finished basement; Ground‑floor storefront frontage estimated at 25'–38'; Curb cut provides loading and pull‑up access
