Four-Family Brick Building in
For Sale
$1,850,000
3416 107th St, Queens, NY 11368
Four-family brick building in Corona with tax abatement.
Property Size4,540 SF
Lot Size0.04 Acres
Days on Market313
Property Features for 3416 107th St
General Information
Standard status
Active
Size
4,540 SF
Lot size
0.04 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1,149
Building Details
Building Size
4,540 SF
Year Built
2007
Units
4
Listed By:
Duan H. Zheng
(646) 322-8637
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 6
Last Checked: Oct 5 at 7:35PM
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 Duan H. Zheng
Investment Insights
Based on property information with market context.
This is a four-family, attached brick building located in the heart of Corona. The property benefits from an 8-year tax abatement. The building consists of four floors plus a basement. The first floor features a three-bedroom apartment with a living room and two bathrooms. The second floor contains two apartments: a front unit with one bedroom, a living room, and one bathroom, and a rear unit with one bedroom, a living room, and one bathroom. The third floor mirrors the first floor, offering a three-bedroom apartment with a living room and two bathrooms. The apartments are described as sunny and spacious. The building is located on a desirable block and is near transportation options.
Key Highlights
- Four‑family brick building in Corona.
- Approximately 8 years of tax abatement remaining.
- Sunny and spacious apartments throughout.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,978
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,219,560
$2.2M
Cap Rate 7%
$1,585,400
$1.6M
Cap Rate 9%
$1,233,089
$1.2M
Market Conditions
NOI Build-Up for 4,540 SF
Gross rent
$209.7K $46.20/SF
− Vacancy
−$8.0K −$1.76/SF
EGI
$201.8K $44.44/SF
− OpEx
−$90.8K −$20.00/SF
NOI
$111.0K $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%
$2,219,560
Cap Rate 7%
$1,585,400
Cap Rate 9%
$1,233,089
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.85M
NOI $110,978 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.35M
$2.93M – $3.90M
NOI $234,286 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,548
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Four-family brick building in Corona with tax abatement.
Where is this apartment building located?
The property is located at 3416 107th St Queens, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Four‑family brick building in Corona.; Approximately 8 years of tax abatement remaining.; Sunny and spacious apartments throughout.
