New Construction Multifamily
For Sale
$1,890,000
43-12 104th St, Queens, NY 11368
New construction multifamily building in Corona, Queens with tax abatement.
Property Size6,010 SF
Lot Size0.06 Acres
Days on Market314
Property Features for 43-12 104th St
General Information
Standard status
Active
Size
6,010 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$960
Building Details
Building Size
6,010 SF
Year Built
2005
Stories
4
Listed By:
XueYan (Maggie) LI
(917) 708-9966
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 2
Last Checked: Oct 7 at 2:24PM
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 XueYan (Maggie) LI
Investment Insights
Based on property information with market context.
A new construction building located in Corona, Queens, New York is available for purchase. The property benefits from a tax abatement that is good for another 9 years. Each unit features a living room, kitchen, full bathroom, and one bedroom. The building has separate boilers and water heaters for each unit. The gross yearly rent roll is $119,100, with a net of $109,109. A laundry store is located nearby. The investment cap rate is approximately 5.5%.
Key Highlights
- 13 Years Remaining on Tax Abatement
- High Net Yearly Income ($109,109)
- Approximately 5.5% Investment Cap Rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,911
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,938,220
$2.9M
Cap Rate 7%
$2,098,729
$2.1M
Cap Rate 9%
$1,632,344
$1.6M
Market Conditions
NOI Build-Up for 6,010 SF
Gross rent
$277.7K $46.20/SF
− Vacancy
−$10.6K −$1.76/SF
EGI
$267.1K $44.44/SF
− OpEx
−$120.2K −$20.00/SF
NOI
$146.9K $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%
$2,938,220
Cap Rate 7%
$2,098,729
Cap Rate 9%
$1,632,344
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
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Current Use
Location Intelligence
Trade Area within ½ mile
2,548
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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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 St Queens, 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: 13 Years Remaining on Tax Abatement; High Net Yearly Income ($109,109); Approximately 5.5% Investment Cap Rate
