Mixed-Use Property with
For Sale
$2,990,000
37-40 103th Street, Corona, NY 11368
Five residential units sit above a ground-floor retail space in this income-producing Corona property.
Property Size6,751 SF
Price / SF$442.90
Days on Market238
Property Features for 37-40 103th Street
General Information
Standard status
Active
Size
6,751 SF
Property subtype
Commercial
Site & Location
Public Transit
Yes
Mixed-Use Components
retail, residential
Additional Details
Floor
Ground
Cap Rate
7.44%
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$10,407
Building Details
Building Size
6,751 SF
Year Built
2014
Buildings
1
Units
6
Tenancy
Multi
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Li Li
(646) 889-9988
Source:
Croninreale
Added: Mar 2
Changed: Oct 23
Last Checked: Oct 23 at 3:49PM
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 B Square Realty
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Investment Insights
Based on property information with market context.
At 37-40 103th Street in Corona, this mixed-use property combines one ground-floor retail space with five residential units. The building contains 6,751 square feet and was built in 2014.
The property has a 7.44% cap rate and brings together commercial and residential space in one building.
The property has a 7.44% cap rate and brings together commercial and residential space in one building.
Key Highlights
- One ground‑floor retail space and five residential units
- 6,751 square feet of building area
- Built in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,024
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,300,480
$3.3M
Cap Rate 7%
$2,357,486
$2.4M
Cap Rate 9%
$1,833,600
$1.8M
Market Conditions
NOI Build-Up for 6,751 SF
Gross rent
$311.9K $46.20/SF
− Vacancy
−$11.9K −$1.76/SF
EGI
$300.0K $44.44/SF
− OpEx
−$135.0K −$20.00/SF
NOI
$165.0K $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%
$3,300,480
Cap Rate 7%
$2,357,486
Cap Rate 9%
$1,833,600
Alternative Uses
Best Use
Apartment 5plus
$2.36M
$2.06M – $2.75M
NOI $165,024 @ 7.0% cap · market cap 5.52%
Second Best
Retail
$1.72M
$1.51M – $2.01M
NOI $120,505 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$4.98M
$4.35M – $5.81M
NOI $348,384 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five residential units sit above a ground-floor retail space in this income-producing Corona property.
Where is this mixed-use property located?
The property is located at 37-40 103th Street Corona, NY.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: One ground‑floor retail space and five residential units; 6,751 square feet of building area; Built in 2014
