Brick Duplex with Finished
For Sale
$1,199,000
3724 112th Street, Corona, NY 11368
Two-family property featuring an open kitchen layout and finished lower level.
Property Size2,176 SF
Price / SF$551.01
Days on Market49
Property Features for 3724 112th Street
General Information
Standard status
Active
Size
2,176 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,816
Building Details
Building Size
2,176 SF
Year Built
1999
Buildings
1
Construction
brick
Listing Agency:
Keller Williams Landmark II
Listed By:
Nuruzzaman Sarder · License #10401369971
(718) 262-0205
Source:
Serhant
Added: Sep 1
Changed: Oct 17
Last Checked: Oct 16 at 6:32PM
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 Keller Williams Landmark II
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Investment Insights
Based on property information with market context.
This fully brick duplex offers two separate residential units within 2,176 square feet of living space. Constructed in 1999, the property includes an open kitchen configuration and a fully finished basement that expands the usable interior area.
The property is located at 3724 112th Street in Corona, NY 11368, with public transportation, shopping, dining, and schools identified nearby. Its two-family format supports residential occupancy across both units or a combination of personal use and rental income.
The property is located at 3724 112th Street in Corona, NY 11368, with public transportation, shopping, dining, and schools identified nearby. Its two-family format supports residential occupancy across both units or a combination of personal use and rental income.
Key Highlights
- Fully brick two‑family duplex
- 2,176 square feet of living space
- Built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,191
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,820
$1.1M
Cap Rate 7%
$759,871
$759.9K
Cap Rate 9%
$591,011
$591.0K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$100.5K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$96.7K $44.44/SF
− OpEx
−$43.5K −$20.00/SF
NOI
$53.2K $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%
$1,063,820
Cap Rate 7%
$759,871
Cap Rate 9%
$591,011
Alternative Uses
Best Use
Apartment 5plus
$759.9K
$664.9K – $886.5K
NOI $53,191 @ 7.0% cap · market cap 4.44%
Second Best
Multifamily LT 5
$514.5K
$450.2K – $600.3K
NOI $36,016 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,292 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,845
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?
Duplex - Two-family property featuring an open kitchen layout and finished lower level.
Where is this duplex located?
The property is located at 3724 112th Street Corona, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Fully brick two‑family duplex; 2,176 square feet of living space; Built in 1999
