Four-Unit Brick
New
For Sale
$1,499,000
35-13 109th Street, Corona, NY 11368
The 2007-built property is fully occupied, with residents paying their own gas and electricity.
Property Size3,321 SF
Price / SF$451.37
Days on Market3
Property Features for 35-13 109th Street
General Information
Standard status
Active
Size
3,321 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$34,005
Building Details
Building Size
3,321 SF
Year Built
2007
Units
4
Construction
brick
Listing Agency:
EXP Realty
Listed By:
Kenny C. Williams PSA SFR
(609) 903-7531
Source:
Georgemcknight
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 3:29AM
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 EXP Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick quadplex contains four residential units across approximately 3,321 square feet. Constructed in 2007, the building is currently fully occupied, and tenants pay for gas and electricity.
The property is on 109th Street in Corona, Queens, with public transportation, major highways, shops, restaurants, schools, and parks nearby.
The property is on 109th Street in Corona, Queens, with public transportation, major highways, shops, restaurants, schools, and parks nearby.
Key Highlights
- Four residential units in a brick building
- Approximately 3,321 square feet of living space
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,180
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,623,600
$1.6M
Cap Rate 7%
$1,159,714
$1.2M
Cap Rate 9%
$902,000
$902.0K
Market Conditions
NOI Build-Up for 3,321 SF
Gross rent
$153.4K $46.20/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$147.6K $44.44/SF
− OpEx
−$66.4K −$20.00/SF
NOI
$81.2K $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%
$1,623,600
Cap Rate 7%
$1,159,714
Cap Rate 9%
$902,000
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,180 @ 7.0% cap · market cap 5.42%
Second Best
Multifamily LT 5
$785.3K
$687.1K – $916.1K
NOI $54,968 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,380 @ 7.0% cap · market cap 11.43%
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
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,589
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
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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?
Quadplex - The 2007-built property is fully occupied, with residents paying their own gas and electricity.
Where is this quadplex located?
The property is located at 35-13 109th Street Corona, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Four residential units in a brick building; Approximately 3,321 square feet of living space; Built in 2007
