Mixed-Use Building with
3729 103rd Street, Corona, NY 11368
For Sale
$2,850,000
A ground-floor restaurant shares the property with four residences above.
Property Size5,700 SF
Price / SF$500
Days on Market68
Property Features for 3729 103rd Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Floor
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
S10 Realty Group LLC
(646) 286-0219
Listed By:
Yunyun Hou
(929) 666-2800
Source:
Croninreale
Added: Sep 2
Changed: Nov 7
Last Checked: Nov 7 at 6:15PM
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 S10 Realty Group LLC
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Investment Insights
Based on property information with market context.
The 5,700-square-foot building combines a restaurant at street level with four residential units on the floors above. Constructed in 2007, it is zoned R6B.
The property is located at 3729 103rd Street in Corona, New York.
The property is located at 3729 103rd Street in Corona, New York.
Key Highlights
- Ground‑floor restaurant space with four residential units above
- 5,700‑square‑foot building
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,333
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,786,660
$2.8M
Cap Rate 7%
$1,990,471
$2.0M
Cap Rate 9%
$1,548,144
$1.5M
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$263.3K $46.20/SF
− Vacancy
−$10.0K −$1.76/SF
EGI
$253.3K $44.44/SF
− OpEx
−$114.0K −$20.00/SF
NOI
$139.3K $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%
$2,786,660
Cap Rate 7%
$1,990,471
Cap Rate 9%
$1,548,144
Alternative Uses
Best Use
Specialty Retail
$3.77M
$3.30M – $4.40M
NOI $263,810 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$1.99M
$1.74M – $2.32M
NOI $139,333 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$4.20M
$3.68M – $4.90M
NOI $294,147 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,453
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
$751,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor restaurant shares the property with four residences above.
Where is this mixed-use property located?
The property is located at 3729 103rd Street Corona, NY.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Ground‑floor restaurant space with four residential units above; 5,700‑square‑foot building; Built in 2007
