Five-Unit Brick Apartment
40-29 97 Street Corona Ny, NY 11368
New
Brick five-unit building with three stories plus basement, featuring a garage and one parking space.
Property size:
3,300 SFPrice / SF:
$469/SF- Added:
- Jul 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 10 at 3:23 am
Property Features for 40-29 97 Street Corona
General Information
- Standard status
- Active
- Size
- 3,300 SF
Building Details
- Year Built
- 1999
Listing office (718) 684-8000
Listing date Jul 9, 2026
Source Parkassets
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 Camilo Medina
Investment Insights
Based on property information with market context.
Solid brick five-unit apartment building built in 1999, configured as three stories plus a basement. The property includes a garage and one parking space.
Located in Corona, NY, the building is described as being one block from Roosevelt Ave and Junction Blvd, with convenient access to nearby banks, buses, shops, restaurants, schools, and parks. The listing also notes easy access to major highways.
This multifamily property is offered for sale and is described as an opportunity to invest while living with family.
Located in Corona, NY, the building is described as being one block from Roosevelt Ave and Junction Blvd, with convenient access to nearby banks, buses, shops, restaurants, schools, and parks. The listing also notes easy access to major highways.
This multifamily property is offered for sale and is described as an opportunity to invest while living with family.
Key Highlights
- Brick 5‑family building built in 1999 with 3 stories plus a full basement
- Approximately 3,300 total building area with wood flooring and full basement
- Attached parking with 3 total parking spaces and a garage
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 | $197.6k | $59.88 |
| − Vacancy | −$9.9k | −$2.99 |
| EGI | $187.7k | $56.89 |
| − OpEx | −$84.5k | −$25.60 |
| NOI | $103.2k | $31.29 |
3,300 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,248 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.21M
$7.19M – $9.58M
NOI $574,992 @ 7.0% cap · market cap 37.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Brick five-unit building with three stories plus basement, featuring a garage and one parking space.
Where is this apartment building located?
The property is located at 40-29 97 Street Corona Ny, NY.
What is the asking price?
The asking price for this property is $1,548,000.
What are key features of this property?
This property features: Brick 5‑family building built in 1999 with 3 stories plus a full basement; Approximately 3,300 total building area with wood flooring and full basement; Attached parking with 3 total parking spaces and a garage
