Brick 4-Unit
New
For Sale
$1,899,000
38-04 111th Street, Corona, NY 11368
Seven bedrooms span a four-family property in Corona, near transit, shops, and daily services.
Property Size3,466 SF
Price / SF$547.89
Days on Market3
Property Features for 38-04 111th Street
General Information
Standard status
Active
Size
3,466 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,275
Amenities
Eat-in Kitchen
Building Details
Building Size
3,466 SF
Year Built
1931
Units
4
Construction
brick
Listing Agency:
City Homes Realty Group LLC
Listed By:
Segundo F. Agudo CBR E-PRO
(718) 255-9888
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 4:13PM
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 City Homes Realty Group LLC
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Investment Insights
Based on property information with market context.
This brick four-family property in Corona contains 3,466 square feet and seven bedrooms. Built in 1931, it offers a residential income configuration with a multi-bedroom layout.
The property is near the 7 train, bus service, local shops, supermarkets, and restaurants. Flushing Meadows–Corona Park, the Queens Zoo, and Citi Field are also nearby.
The property is near the 7 train, bus service, local shops, supermarkets, and restaurants. Flushing Meadows–Corona Park, the Queens Zoo, and Citi Field are also nearby.
Key Highlights
- Four‑family brick property with 7 bedrooms
- 3,466 square feet
- Built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,724
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,694,480
$1.7M
Cap Rate 7%
$1,210,343
$1.2M
Cap Rate 9%
$941,378
$941.4K
Market Conditions
NOI Build-Up for 3,466 SF
Gross rent
$160.1K $46.20/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$154.0K $44.44/SF
− OpEx
−$69.3K −$20.00/SF
NOI
$84.7K $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%
$1,694,480
Cap Rate 7%
$1,210,343
Cap Rate 9%
$941,378
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,724 @ 7.0% cap · market cap 4.46%
Second Best
Multifamily LT 5
$819.5K
$717.1K – $956.1K
NOI $57,368 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $178,862 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
856
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Seven bedrooms span a four-family property in Corona, near transit, shops, and daily services.
Where is this quadplex located?
The property is located at 38-04 111th Street Corona, NY.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Four‑family brick property with 7 bedrooms; 3,466 square feet; Built in 1931
