Brick 7-Unit Apartment
45-10 111 St Corona, NY 11368
45-10 111 St, Corona, NY, 11368
$1,699,000
For Sale
$1,699,000
COMMERCIAL - Other - Corona, NY
Property Size5,000 SF
Lot Size0.06 Acres
Price / SF$339.80
Days on Market16
Property Features for 45-10 111 St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 7
- Rooms
- Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 8, Bathroom 4, Bathroom 6, Bathroom 3, Bedroom 3, Bathroom 7, Bedroom 9, Bathroom 5, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
- Fencing
- Fenced
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11975
Utilities
- Heating system
- Natural Gas, Baseboard
Building Details
- Year built
- 2004
- Floors in Building
- 4
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
EAST COAST NEW YORK
(718) 428-2900
35-20 BELL BLVD, BAYSIDE, NY
Listed by
Millie Hong Hong-Jiao
(917) 974-0992
Added: Jul 2 Checked: Jul 17 at 6:06 am
MLS# 11866825
Listing URL
Copyright © 2026 My State MLS. 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 solid brick semi-attached 7-family apartment building was built in 2004 and is described as well-maintained. The unit mix includes six 1-bedroom/1-bath apartments and one larger 3-bedroom/2-bath apartment with a private balcony. The property is noted as rent-stabilized and includes a 25-year 421-a tax exemption scheduled to expire in 2030.
The building is located in Corona, Queens, with nearby access to bus Q23 and the 111th Street #7 subway station. The remarks also note proximity to shopping, supermarkets, restaurants, schools, parks, and major highways. A neighboring property at 45-12 111th Street is also available for sale as either an individual purchase or as a package.
At this time, all information is provided subject to independent verification, including property condition, rent-stabilization details, and any regulatory or exemption-related factors.
The building is located in Corona, Queens, with nearby access to bus Q23 and the 111th Street #7 subway station. The remarks also note proximity to shopping, supermarkets, restaurants, schools, parks, and major highways. A neighboring property at 45-12 111th Street is also available for sale as either an individual purchase or as a package.
At this time, all information is provided subject to independent verification, including property condition, rent-stabilization details, and any regulatory or exemption-related factors.
Key Highlights
- Solid brick semi‑attached 7‑family apartment building built in 2004
- Unit mix includes six 1‑bedroom/1‑bath apartments plus one 3‑bedroom/2‑bath apartment with a private balcony
- Rent‑stabilized building with a 25‑year 421‑a tax exemption scheduled to expire in 2030
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 | $231.0k | $46.20 |
| − Vacancy | −$8.8k | −$1.76 |
| EGI | $222.2k | $44.44 |
| − OpEx | −$100.0k | −$20.00 |
| NOI | $122.2k | $24.44 |
5,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,222 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,024 @ 7.0% cap · market cap 15.19%
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 - Solid brick semi-attached 7-family building with six 1-bedroom units and one 3-bedroom unit.
Where is this apartment building located?
The property is located at 45-10 111 St Corona, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Solid brick semi‑attached 7‑family apartment building built in 2004; Unit mix includes six 1‑bedroom/1‑bath apartments plus one 3‑bedroom/2‑bath apartment with a private balcony; Rent‑stabilized building with a 25‑year 421‑a tax exemption scheduled to expire in 2030
