Three-Story Two-Family
For Sale
$1,250,000
Pending
3330 97th Street, Corona, NY 11368
Residential income property with two units and convenient access to the 7 train.
Property Size1,763 SF
Days on Market131
Property Features for 3330 97th Street
General Information
Standard status
Pending
Size
1,763 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,025
Building Details
Building Size
1,763 SF
Year Built
1920
Stories
3
Tenancy
Multi
Listing Agency:
Century Homes Realty Group LLC
Listed By:
Demetrios Droggitis · License #10401317920
(718) 886-6800
Source:
Barbieliteam
Added: Jun 27
Changed: Oct 31
Last Checked: Nov 3 at 1:05PM
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 Century Homes Realty Group LLC
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Investment Insights
Based on property information with market context.
This three-story, two-family duplex in Corona, Queens, was built in 1920 and includes two thoughtfully laid-out residential units. The property offers a configuration suited to an investor or owner-occupant seeking rental income, with comfortable living spaces and a classic pre-war character.
Located at 3330 97th Street, the property is near the 7 train, providing access to Midtown Manhattan. It is also close to Flushing Meadows-Corona Park, local shopping, dining, and schools. The surrounding area includes a diverse residential community and neighborhood services.
Located at 3330 97th Street, the property is near the 7 train, providing access to Midtown Manhattan. It is also close to Flushing Meadows-Corona Park, local shopping, dining, and schools. The surrounding area includes a diverse residential community and neighborhood services.
Key Highlights
- Three‑story, two‑family duplex at 3330 97th Street
- Built in 1920
- Two residential units with thoughtfully laid‑out living spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,096
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,920
$861.9K
Cap Rate 7%
$615,657
$615.7K
Cap Rate 9%
$478,844
$478.8K
Market Conditions
NOI Build-Up for 1,763 SF
Gross rent
$81.5K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$78.4K $44.44/SF
− OpEx
−$35.3K −$20.00/SF
NOI
$43.1K $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%
$861,920
Cap Rate 7%
$615,657
Cap Rate 9%
$478,844
Alternative Uses
Best Use
Apartment 5plus
$615.7K
$538.7K – $718.3K
NOI $43,096 @ 7.0% cap · market cap 3.45%
Second Best
Multifamily LT 5
$416.9K
$364.8K – $486.3K
NOI $29,180 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,979 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,032
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with two units and convenient access to the 7 train.
Where is this duplex located?
The property is located at 3330 97th Street Corona, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑story, two‑family duplex at 3330 97th Street; Built in 1920; Two residential units with thoughtfully laid‑out living spaces
