New Construction Multifamily
For Sale
$1,890,000
43-12 104th Street, Corona, NY 11368
MULTI_FAMILY - Corona, NY
Property Size6,010 SF
Lot Size0.06 Acres
Price / SF$314.48
Days on Market319
Property Features for 43-12 104th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
7
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 5, Bathroom 6, Bathroom 7, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 3
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Corona
Standard status
Active
Size
6,010 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
960
Building Details
Year built
2005
Floors in Building
4
Number of units
7
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
XueYan (Maggie) LI
(917) 708-9966
Added: Sep 15, 2025
Changed: Jul 12
Last Checked: Jul 30 at 6:06PM
MLS# 495780
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This new construction building in Corona, Queens, offers a rare investment opportunity with a 9-year tax abatement. The property features multiple units, each equipped with a living room, kitchen, full bathroom, and one bedroom. Each unit has separate boilers and water heaters. The gross yearly rent roll is $119,100, with a net of $109,109. The investment cap rate is approximately 5.5%. The property is located near a laundry store. The tax abatement is in effect for another 13 years. The building has a property size of 6010 square feet and is situated on a lot of 0.0574 acres. The zoning is R6B.
Key Highlights
- Gross yearly rent roll of $119,100; net income of $109,109
- Stated investment cap rate is close to 5.5%
- 9‑year tax abatement is mentioned as available, with additional tax abatement mentioned for another 13 years
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 | $277.7k | $46.20 |
| − Vacancy | −$10.6k | −$1.76 |
| EGI | $267.1k | $44.44 |
| − OpEx | −$120.2k | −$20.00 |
| NOI | $146.9k | $24.44 |
6,010 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.10M
$1.84M – $2.45M
NOI $146,911 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.43M
$3.88M – $5.17M
NOI $310,145 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - New construction multifamily building in Corona, Queens with tax abatement.
Where is this apartment building located?
The property is located at 43-12 104th Street Corona, NY.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: Gross yearly rent roll of $119,100; net income of $109,109; Stated investment cap rate is close to 5.5%; 9‑year tax abatement is mentioned as available, with additional tax abatement mentioned for another 13 years
