Solid-Brick Multifamily
3354 99th Street Corona, NY 11368
New
3354 99th Street, Corona, NY, 11368
$3,750,000
For Sale
$3,750,000
MULTI_FAMILY - Corona, NY
Property Size7,200 SF
Lot Size0.09 Acres
Price / SF$520.83
Days on Market2
Property Features for 3354 99th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5A
- Rooms
- Basement
- Parking features
- On Street
- Basement
- Full, Unfinished
- Standard status
- Active
- APN
- 01713-0033
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 37256
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1927
- Number of units
- 32
- Building materials
- Brick
Listing agency
Telemundo Realty Corp
(718) 205-3737
Listed by
Eduardo Ramirez · License #10401329468
(347) 945-9108
Added: Jul 22 Updated: Jul 23 at 12:47AM Checked: Jul 23 at 4:06AM
MLS# 1029746
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This sale package includes two well-maintained solid-brick multifamily buildings containing a total of 32 residential units, with 16 units in each building. The unit mix consists of 21 one-bedroom apartments and 11 two-bedroom apartments. Of the 32 units, 30 are rent stabilized and 2 are rent controlled.
The properties are located in Corona, Queens, convenient to major roadways, schools, shopping, banks, restaurants, and other neighborhood amenities. Public transportation is described as easily accessible, including bus service along Northern Boulevard and the 7 train at Roosevelt Avenue and Junction Boulevard.
Each building is described as approximately 40 x 90, and the overall lot is described as approximately 80 x 100. The listing also references strong potential for future rental growth and long-term appreciation.
The properties are located in Corona, Queens, convenient to major roadways, schools, shopping, banks, restaurants, and other neighborhood amenities. Public transportation is described as easily accessible, including bus service along Northern Boulevard and the 7 train at Roosevelt Avenue and Junction Boulevard.
Each building is described as approximately 40 x 90, and the overall lot is described as approximately 80 x 100. The listing also references strong potential for future rental growth and long-term appreciation.
Key Highlights
- Package includes two solid‑brick multifamily buildings with 32 residential units total (16 units per building)
- Unit mix: 21 one‑bedroom and 11 two‑bedroom apartments
- Income regulation: 30 rent‑stabilized units and 2 rent‑controlled units
Local Financial Insights For Apartment 5plus
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 | $332.6k | $46.20 |
| − Vacancy | −$12.6k | −$1.76 |
| EGI | $320.0k | $44.44 |
| − OpEx | −$144.0k | −$20.00 |
| NOI | $176.0k | $24.44 |
7,200 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.51M
$2.20M – $2.93M
NOI $176,000 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.31M
$4.64M – $6.19M
NOI $371,555 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two well-maintained solid-brick buildings offer 32 apartments with a mix of one- and two-bedroom units.
Where is this apartment building located?
The property is located at 3354 99th Street Corona, NY.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Package includes two solid‑brick multifamily buildings with 32 residential units total (16 units per building); Unit mix: 21 one‑bedroom and 11 two‑bedroom apartments; Income regulation: 30 rent‑stabilized units and 2 rent‑controlled units
