Mixed-Use Property With
For Sale
$4,950,000
3741 103rd Street Corona, Ny, NY 11368
Two-story configuration combines storefronts and apartments across two buildings on a shared lot.
Property Size6,647 SF
Lot Size0.11 Acres
Price / SF$744.70
Days on Market54
Property Features for 3741 103rd Street Corona
General Information
Standard status
Active
Size
6,647 SF
Lot size
0.11 Acres
Zoning
R6B
Occupancy
100%
Net Operating Income
$280,000
Additional Details
Gross Income
$340,000
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$52,731
Amenities
Partially Finished
Yes
Public
No
6647
Building Details
Building Size
6,647 SF
Year Built
1931
Buildings
2
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX Town & Country
(845) 765-6128
Listed By:
Michael Dunstan · License #10401295049
(845) 765-6128
Source:
Town-and-country-fishkill-ny.remax
Added: Jul 9
Changed: Aug 30
Last Checked: Aug 30 at 12:58PM
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 RE/MAX Town & Country
Investment Insights
Based on property information with market context.
This mixed-use property includes two buildings with 3 commercial units and 6 residential apartments. Storefronts occupy the ground floors, while the upper levels contain the residential units, creating a combined commercial and multifamily configuration. The improvements total 6,647 square feet on a 50-by-100-foot lot, with construction dating to 1931. The property is fully rented and zoned R6B.
Located on 103rd Street in Corona, New York, the asset places retail and residential components within the same property. The building arrangement provides separate structures on one block and lot, with Building 1 containing two stores and four apartments and Building 2 containing one store and two apartments.
Located on 103rd Street in Corona, New York, the asset places retail and residential components within the same property. The building arrangement provides separate structures on one block and lot, with Building 1 containing two stores and four apartments and Building 2 containing one store and two apartments.
Key Highlights
- 3 commercial units and 6 residential apartments
- Two buildings situated on one shared 50x100‑foot lot
- 6,647 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$211,873
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,237,460
$4.2M
Cap Rate 7%
$3,026,757
$3.0M
Cap Rate 9%
$2,354,144
$2.4M
Market Conditions
NOI Build-Up for 6,647 SF
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.
Gross rent
$398.8K $60.00/SF
− Vacancy
−$59.8K −$9.00/SF
EGI
$339.0K $51.00/SF
− OpEx
−$127.1K −$19.13/SF
NOI
$211.9K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,237,460
Cap Rate 7%
$3,026,757
Cap Rate 9%
$2,354,144
Alternative Uses
Best Use
Retail
$13.36M
$11.69M – $15.59M
NOI $935,396 @ 7.0% cap · market cap 18.90%
Second Best
Mixed Use
$3.03M
$2.65M – $3.53M
NOI $211,873 @ 7.0% cap · market cap 4.28%
Theoretical Best
Specialty Retail
$16.55M
$14.48M – $19.30M
NOI $1,158,173 @ 7.0% cap · market cap 23.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
841
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story configuration combines storefronts and apartments across two buildings on a shared lot.
Where is this mixed-use property located?
The property is located at 3741 103rd Street Corona Ny, NY.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 3 commercial units and 6 residential apartments; Two buildings situated on one shared 50x100‑foot lot; 6,647 square feet of total property size
