Seven-Family Brick Apartment
For Sale
$2,400,000
3738 104th Street, Corona, NY 11368
Detached brick construction includes a private garage, driveway, and large backyard.
Property Size4,158 SF
Price / SF$577.20
Days on Market31
Property Features for 3738 104th Street
General Information
Standard status
Active
Size
4,158 SF
Total Parking Spaces
10
Property subtype
Multi Family
Units
Unit Mix
6 x 2BR, 1 x 1BR
Multifamily Units
7
Additional Details
Public Transit
Yes
Amenities
large backyard
Building Details
Building Size
4,158 SF
Year Built
1931
Buildings
1
Construction
brick
Listing Agency:
Winzone Realty Inc
368
Listed By:
Luis A. Loayza · License #40LO1010500
Source:
Cbwarburg
Added: Jul 2
Changed: Jul 31
Last Checked: Jul 31 at 10:15AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This detached brick apartment building contains 4,158 square feet and was built in 1931. The property includes 7 apartments: six two-bedroom units and one one-bedroom unit. Private parking is provided through a garage and driveway accommodating 10 cars, along with a large backyard.
Located at 3738 104th Street in Corona, the property is near Roosevelt Avenue and the 7 train, with shopping, restaurants, and major thoroughfares nearby. The apartment configuration and included parking support continued residential rental use.
Located at 3738 104th Street in Corona, the property is near Roosevelt Avenue and the 7 train, with shopping, restaurants, and major thoroughfares nearby. The apartment configuration and included parking support continued residential rental use.
Key Highlights
- 7 apartments: six two‑bedroom units and one one‑bedroom unit
- 4,158 square feet, built in 1931
- Detached brick construction
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $192.1k | $46.20 |
| − Vacancy | −$7.3k | −$1.76 |
| EGI | $184.8k | $44.44 |
| − OpEx | −$83.2k | −$20.00 |
| NOI | $101.6k | $24.44 |
4,158 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
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.
Property Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
3,946
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Detached brick construction includes a private garage, driveway, and large backyard.
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: 7 apartments: six two‑bedroom units and one one‑bedroom unit; 4,158 square feet, built in 1931; Detached brick construction
