Renovated Quadplex with
3416 103rd Street, Corona, NY 11368
For Sale
$1,438,888
Brick multifamily property with four apartments, updated systems, private heating equipment, and a fully enclosed backyard.
Property Size3,300 SF
Days on Market309
Property Features for 3416 103rd Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
backyard
gated perimeter
Building Details
Building Size
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Keller Williams Landmark II
Listed By:
Cesar M. Portilla
(917) 575-8178
Source:
Barbieliteam
Added: Jan 5
Changed: Nov 3
Last Checked: Nov 8 at 11:53AM
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 Keller Williams Landmark II
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Investment Insights
Based on property information with market context.
This 1933 brick quadplex contains four apartments arranged across a walk-in basement, first floor, and second floor. The unit mix includes a two-bedroom basement apartment, a four-bedroom first-floor apartment, plus one- and two-bedroom apartments on the second floor. The basement apartment is currently vacant. The building has undergone a comprehensive renovation, including interior and exterior improvements, updated finishes, and refreshed systems. Each apartment has its own boiler and hot water tank, supporting separate building services by unit.
The property also includes a spacious backyard and a gated perimeter. Public transportation is nearby, with access to buses and train stations. Shopping, supermarkets, cafes, restaurants, banks, pharmacies, and parks are also within the surrounding area. The property is located near Flushing Meadows-Corona Park, Citi Field, the USTA Billie Jean King National Tennis Center, Queens Zoo, the New York Hall of Science, Queens Museum, and LaGuardia Airport.
The property also includes a spacious backyard and a gated perimeter. Public transportation is nearby, with access to buses and train stations. Shopping, supermarkets, cafes, restaurants, banks, pharmacies, and parks are also within the surrounding area. The property is located near Flushing Meadows-Corona Park, Citi Field, the USTA Billie Jean King National Tennis Center, Queens Zoo, the New York Hall of Science, Queens Museum, and LaGuardia Airport.
Key Highlights
- Four‑unit quadplex with a two-, four-, one-, and two‑bedroom apartment mix
- Two‑bedroom basement apartment is currently vacant
- Comprehensive renovation includes interior and exterior improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,546
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,920
$1.6M
Cap Rate 7%
$1,164,943
$1.2M
Cap Rate 9%
$906,067
$906.1K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$126.7K $38.40/SF
− Vacancy
−$10.2K −$3.10/SF
EGI
$116.5K $35.30/SF
− OpEx
−$34.9K −$10.59/SF
NOI
$81.5K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,920
Cap Rate 7%
$1,164,943
Cap Rate 9%
$906,067
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,546 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,667 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,296 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,060
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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Market
Properties on Market for Quadplexes in Corona
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Brick multifamily property with four apartments, updated systems, private heating equipment, and a fully enclosed backyard.
Where is this quadplex located?
The property is located at 3416 103rd Street Corona, NY.
What is the asking price?
The asking price for this property is $1,438,888.
What are key features of this property?
This property features: Four‑unit quadplex with a two-, four-, one-, and two‑bedroom apartment mix; Two‑bedroom basement apartment is currently vacant; Comprehensive renovation includes interior and exterior improvements
