Two-Family Home in
For Sale
$1,080,000
43-16 Junction Blvd, Queens, NY 11368
Two-family home in Corona, steps away from shops and transportation.
Property Size1,680 SF
Lot Size0.05 Acres
Days on Market268
Property Features for 43-16 Junction Blvd
General Information
Standard status
Active
Size
1,680 SF
Lot size
0.05 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$7,636
Building Details
Building Size
1,680 SF
Year Built
1910
Units
2
Listing Agency:
(929) 301-7850
Listed By:
Maria A. Clement
(929) 301-7850
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 21
Last Checked: Aug 23 at 10:37AM
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 Maria A. Clement
Investment Insights
Based on property information with market context.
This two-family home is located in Corona and offers potential for investors or families seeking rental income. The property is situated on a 25.41x89.64 lot and is zoned R6B. Each unit features 2 bedrooms and 1 bathroom, providing living spaces suitable for renovation. The location offers convenience, with proximity to shops, restaurants, schools, and public transportation. This property presents an opportunity for expansion, development, or residential use with rental income potential in Queens.
Key Highlights
- Two‑family home ideal for investors or generating rental income.
- Zoned R6B, offering potential for expansion or development.
- Convenient location: close to shops, restaurants, schools, and public transportation.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,067
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$821,340
$821.3K
Cap Rate 7%
$586,671
$586.7K
Cap Rate 9%
$456,300
$456.3K
Market Conditions
NOI Build-Up for 1,680 SF
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.
Gross rent
$77.6K $46.20/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$74.7K $44.44/SF
− OpEx
−$33.6K −$20.00/SF
NOI
$41.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$821,340
Cap Rate 7%
$586,671
Cap Rate 9%
$456,300
Alternative Uses
Best Use
Apartment 5plus
$586.7K
$513.3K – $684.5K
NOI $41,067 @ 7.0% cap · market cap 3.80%
Second Best
Multifamily LT 5
$397.2K
$347.6K – $463.5K
NOI $27,807 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,696 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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?
Duplex - Two-family home in Corona, steps away from shops and transportation.
Where is this duplex located?
The property is located at 43-16 Junction Blvd Queens, NY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Two‑family home ideal for investors or generating rental income.; Zoned R6B, offering potential for expansion or development.; Convenient location: close to shops, restaurants, schools, and public transportation.
