Duplex
For Sale
$1,829,000
37-21 104th Street, Corona, NY 11368
A residential income property in Corona with a two-unit configuration and a 1931 construction date.
Property Size3,040 SF
Days on Market185
Property Features for 37-21 104th Street
General Information
Standard status
Active
Size
3,040 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,942
Building Details
Building Size
3,040 SF
Year Built
1931
Listing Agency:
Winzone Realty Inc
Listed By:
Angela Paguay
(718) 899-7000
Source:
Barbieliteam
Added: Mar 19
Changed: Sep 10
Last Checked: Sep 19 at 1:00PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This duplex property is located at 37-21 104th Street in Corona, NY 11368. The building dates to 1931 and is classified as a residential income property, offering a two-unit configuration for ownership or investment use.
The property is situated near transportation, shopping, schools, restaurants, and major highways. Its Queens location provides access to a range of everyday services and transportation connections while maintaining a residential setting.
The property is situated near transportation, shopping, schools, restaurants, and major highways. Its Queens location provides access to a range of everyday services and transportation connections while maintaining a residential setting.
Key Highlights
- Duplex property with a two‑unit configuration
- Built in 1931
- Located at 37‑21 104th Street, Corona, NY 11368
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,311
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.06%
Second Best
Multifamily LT 5
$718.8K
$629.0K – $838.6K
NOI $50,317 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,879 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A residential income property in Corona with a two-unit configuration and a 1931 construction date.
Where is this duplex located?
The property is located at 37-21 104th Street Corona, NY.
What is the asking price?
The asking price for this property is $1,829,000.
What are key features of this property?
This property features: Duplex property with a two‑unit configuration; Built in 1931; Located at 37‑21 104th Street, Corona, NY 11368
