Detached Seven-Unit Apartment
For Sale
Contact for pricing
3738 104th Street, Corona, NY 11368
Brick multifamily property with varied apartment layouts, private parking, and outdoor space near transit and neighborhood services.
Property Size4,158 SF
Price / SF$577.20
Days on Market184
Property Features for 3738 104th Street
General Information
Standard status
Active
Size
4,158 SF
Total Parking Spaces
10
Property subtype
Multifamily
Zoning
R6B
Occupancy
100%
Net Operating Income
$171,308
Units
Unit Mix
6 x two-bedroom, 1 x one-bedroom
Multifamily Units
7
Additional Details
Public Transit
Yes
Amenities
large backyard
Building Details
Year Built
1931
Buildings
1
Stories
4
Units
7
Construction
brick
Listing Agency:
Telemundo Realty
Listed By:
Gladys Ramirez · License #NY 31RA0597323
(347) 351-5846
Source:
Crexi
Added: Apr 22
Changed: Oct 6
Last Checked: Oct 20 at 7:24PM
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 Telemundo Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached brick apartment property, constructed in 1931, contains seven apartments: six two-bedroom residences and one one-bedroom residence. The building also includes a private garage, a driveway accommodating 10 cars, and a large backyard. R6B zoning is reported for the property.
The property is near Roosevelt Avenue and the 7 train, with shopping, restaurants, and major thoroughfares in the surrounding area. Its apartment mix, parking accommodations, and outdoor space provide a clearly defined multifamily configuration.
The property is near Roosevelt Avenue and the 7 train, with shopping, restaurants, and major thoroughfares in the surrounding area. Its apartment mix, parking accommodations, and outdoor space provide a clearly defined multifamily configuration.
Key Highlights
- Seven apartments: six two‑bedroom units and one one‑bedroom unit
- Detached brick construction completed in 1931
- Private garage and driveway parking for 10 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,640
Cap Rate
4.23%
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 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,573 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
7
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with varied apartment layouts, private parking, and outdoor space near transit and neighborhood services.
Where is this apartment building located?
The property is located at 3738 104th Street Corona, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Seven apartments: six two‑bedroom units and one one‑bedroom unit; Detached brick construction completed in 1931; Private garage and driveway parking for 10 cars
