3-Family Property with Separate
For Sale
$1,868,000
34-46 107th Street, Corona, NY 11368
MULTI_FAMILY - Corona, NY
Property Size2,480 SF
Lot Size0.06 Acres
Price / SF$753.23
Days on Market141
Property Features for 34-46 107th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
13
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bathroom 4, Bedroom 8, Bathroom 3, Bedroom 9, Bedroom 10, Bedroom 13, Bedroom 11, Bedroom 12, Bathroom 2, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 7, Bathroom 5, Bedroom 3, Bedroom 4, Bedroom 5
Parking features
Garage - Attached
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Corona
Standard status
Active
Size
2,480 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
9938
Building Details
Year built
1930
Floors in Building
2
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hui Bin (Sky) Wu
(917) 708-9966
Added: Mar 12
Changed: Jul 12
Last Checked: Jul 30 at 2:06PM
MLS# 499573
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 3-family property offers four electric meters and four gas meters, with all utilities kept separate for the units. The building includes shared driveway and shared garage arrangements, supporting a straightforward multi-unit setup for an owner-operator or investor. Reported monthly rental income is $11,600.
Located in Corona, Queens County, the property is zoned R5. The site is identified as 34-46 107th Street, Corona, NY 11368, and sits on a small parcel size.
For buyers seeking a residential income property with independently metered services, this layout can simplify tenant responsibility and billing structure. The shared driveway and garage provide common access while still maintaining separate utilities across the units. If you’re evaluating a multi-family purchase in an R5 zone, this configuration—three-family ownership with multiple meters—offers a practical basis for day-to-day management.
Located in Corona, Queens County, the property is zoned R5. The site is identified as 34-46 107th Street, Corona, NY 11368, and sits on a small parcel size.
For buyers seeking a residential income property with independently metered services, this layout can simplify tenant responsibility and billing structure. The shared driveway and garage provide common access while still maintaining separate utilities across the units. If you’re evaluating a multi-family purchase in an R5 zone, this configuration—three-family ownership with multiple meters—offers a practical basis for day-to-day management.
Key Highlights
- 3‑family property with 4 electric meters and 4 gas meters, all separate
- Monthly rental income of $11,600
- Shared driveway and an attached garage
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 | $114.6k | $46.20 |
| − Vacancy | −$4.4k | −$1.76 |
| EGI | $110.2k | $44.44 |
| − OpEx | −$49.6k | −$20.00 |
| NOI | $60.6k | $24.44 |
2,480 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$866.0K
$757.8K – $1.01M
NOI $60,622 @ 7.0% cap · market cap 3.25%
Second Best
Multifamily LT 5
$586.4K
$513.1K – $684.1K
NOI $41,048 @ 7.0% cap · market cap 2.20%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,980 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,241
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate units with independent electric and gas meters and shared driveway/garage in an R5 zoned setting.
Where is this triplex located?
The property is located at 34-46 107th Street Corona, NY.
What is the asking price?
The asking price for this property is $1,868,000.
What are key features of this property?
This property features: 3‑family property with 4 electric meters and 4 gas meters, all separate; Monthly rental income of $11,600; Shared driveway and an attached garage
