Two-Family Duplex Near
37-21 103 Street, Corona, NY 11368
For Sale
$1,750,000
The tenant-occupied residence has an updated upper level and a lower level suited to renovation.
Property Size3,040 SF
Lot Size0.06 Acres
Price / SF$575.66
Days on Market9
Property Features for 37-21 103 Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Finished,Full,See Remarks
3
No
Yes
8
First Floor Bedroom,First Floor Full Bath,High Ceilings
Finished, Full, See Remarks
Public
Garden
3040
Building Details
Building Size
Year Built
Buildings
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 7 at 8:39PM
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 Geralda Desir
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1931, this two-family residence measures 20 by 60 feet on a 25-by-100-foot lot. Tenants occupy the property; the upper level has been updated, while the lower level is identified as needing renovation. The property is zoned R6B with a C1-4 commercial overlay.
The building is approximately one block from the 7 train and sits in a commercial corridor with established businesses and restaurants. The Willets Point redevelopment area is also nearby.
The building is approximately one block from the 7 train and sits in a commercial corridor with established businesses and restaurants. The Willets Point redevelopment area is also nearby.
Key Highlights
- Two‑family residence with tenants in place
- Building measures 20X60 on a 25X100 lot
- Zoned R6B with C1‑4 commercial overlay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,311
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,486,220
$1.5M
Cap Rate 7%
$1,061,586
$1.1M
Cap Rate 9%
$825,678
$825.7K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$140.4K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$135.1K $44.44/SF
− OpEx
−$60.8K −$20.00/SF
NOI
$74.3K $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%
$1,486,220
Cap Rate 7%
$1,061,586
Cap Rate 9%
$825,678
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$928.9K – $1.24M
NOI $74,311 @ 7.0% cap · market cap 4.25%
Second Best
Multifamily LT 5
$718.8K
$629.0K – $838.6K
NOI $50,317 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,879 @ 7.0% cap · market cap 8.96%
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,354
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
Properties on Market for Duplexes in Corona
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The tenant-occupied residence has an updated upper level and a lower level suited to renovation.
Where is this duplex located?
The property is located at 37-21 103 Street Corona, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two‑family residence with tenants in place; Building measures 20X60 on a 25X100 lot; Zoned R6B with C1‑4 commercial overlay
