Six-Family Brick Apartment
40-15 102nd Street Corona, NY 11368
40-15 102nd Street, Corona, NY, 11368
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For Sale
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Brick six-family built in 1974 with all two-bedroom units and tenant-occupied, as-is delivery.
Property Size1,450 SF
Price / SF$688.97
Days on Market56
Property Features for 40-15 102nd Street
General Information
- Standard status
- Active
- Size
- 1,450 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1974
Listing agency
Winzone Realty Inc
Listed by
Jozsef Juhasz
Source
Crexi
Added: May 27 Updated: Jul 10 at 1:51PM Checked: Jul 19 at 7:49AM
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 is a six-family brick apartment building constructed in 1974, offered for sale delivered as-is with tenants in place. The building contains six units, and all apartments are two-bedroom layouts. Four units are listed as rent-stabilized, with the remaining two apartments operating as free market. The building footprint is described as 25 by 58.
The property is located close to the #7 train near Roosevelt Ave and 102 St in Corona, NY, providing transit access for residents and convenient commuting options. Current unit income is provided per apartment, reflecting rent levels for each two-bedroom unit.
For investors or owner-occupants looking for a straightforward multifamily setup, the building offers uniform unit type with two-bedroom apartments throughout and a mix of free market and rent-stabilized units. The offering includes the provided net figure of $68,701 and a stated cap rate of 6.8%. With tenants already in place and the property being sold as-is, buyers should plan for review of current operations and leases as part of their due diligence.
The property is located close to the #7 train near Roosevelt Ave and 102 St in Corona, NY, providing transit access for residents and convenient commuting options. Current unit income is provided per apartment, reflecting rent levels for each two-bedroom unit.
For investors or owner-occupants looking for a straightforward multifamily setup, the building offers uniform unit type with two-bedroom apartments throughout and a mix of free market and rent-stabilized units. The offering includes the provided net figure of $68,701 and a stated cap rate of 6.8%. With tenants already in place and the property being sold as-is, buyers should plan for review of current operations and leases as part of their due diligence.
Key Highlights
- Brick six‑family built in 1974 with all units as 2‑bedroom apartments
- Tenant‑occupied and delivered “as is” (tenants in place)
- Close to the #7 train near Roosevelt Ave and 102 St
Local 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 | $67.0k | $46.20 |
| − Vacancy | −$2.5k | −$1.76 |
| EGI | $64.4k | $44.44 |
| − OpEx | −$29.0k | −$20.00 |
| NOI | $35.4k | $24.44 |
1,450 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$506.3K
$443.1K – $590.7K
NOI $35,444 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$935.3K – $1.25M
NOI $74,827 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Brick six-family built in 1974 with all two-bedroom units and tenant-occupied, as-is delivery.
Where is this apartment building located?
The property is located at 40-15 102nd Street Corona, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Brick six‑family built in 1974 with all units as 2‑bedroom apartments; Tenant‑occupied and delivered “as is” (tenants in place); Close to the #7 train near Roosevelt Ave and 102 St
