7-Unit Brick Apartment
37-38 104th Street, Corona, NY 11368
For Sale
$2,300,000
The detached multifamily property is constructed of brick and is zoned R6B.
Property Size4,158 SF
Lot Size0.09 Acres
Price / SF$553.15
Days on Market92
Property Features for 37-38 104th Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Construction
Listing Agency:
Parkview Realty LLC
(718) 699-2500
Listed By:
Angela Lu Mullen
(347) 529-8899
Source:
Adamstreetrealty
Added: Aug 9
Changed: Nov 7
Last Checked: Nov 7 at 1:58PM
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 Parkview Realty LLC
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Investment Insights
Based on property information with market context.
This detached apartment building contains 7 families and has an all-brick exterior. The structure measures 4,158 square feet on a 39-by-100-foot lot and was built in 1931. R6B zoning applies to the property.
The building is on 104th Street in Corona, with access to the #7 train nearby. The sale is offered in as-is condition.
The building is on 104th Street in Corona, with access to the #7 train nearby. The sale is offered in as-is condition.
Key Highlights
- 7‑family detached apartment building with an all‑brick exterior
- 4,158 square feet on a 39‑by‑100‑foot lot
- R6B zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,640
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,032,800
$2.0M
Cap Rate 7%
$1,452,000
$1.5M
Cap Rate 9%
$1,129,333
$1.1M
Market Conditions
NOI Build-Up for 4,158 SF
Gross rent
$192.1K $46.20/SF
− Vacancy
−$7.3K −$1.76/SF
EGI
$184.8K $44.44/SF
− OpEx
−$83.2K −$20.00/SF
NOI
$101.6K $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%
$2,032,800
Cap Rate 7%
$1,452,000
Cap Rate 9%
$1,129,333
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,640 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,573 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
2,354
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
$751,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Corona, NY
Properties on Market for Apartment buildings in Corona
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The detached multifamily property is constructed of brick and is zoned R6B.
Where is this apartment building located?
The property is located at 37-38 104th Street Corona, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 7‑family detached apartment building with an all‑brick exterior; 4,158 square feet on a 39‑by‑100‑foot lot; R6B zoning
