Brick Semi-Attached 7-Unit
45-12 111 St Corona, NY 11368
New
45-12 111 St, Corona, NY, 11368
$1,699,000
For Sale
$1,699,000
COMMERCIAL - Corona, NY
Property Size5,000 SF
Lot Size0.06 Acres
Price / SF$339.80
Days on Market4
Property Features for 45-12 111 St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 8
- Rooms
- Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 6, Bathroom 7, Bathroom 4, Bathroom 3, Bathroom 8
- Fencing
- Fenced
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1421
Utilities
- Heating system
- Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 2004
- Floors in Building
- 4
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
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 14 Checked: Jul 17 at 3:06 pm
MLS# 11883698
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.
Solid brick semi-attached 7-family apartment building located at 45-12 111 St, Corona, NY 11368. The property was built in 2004 and is described as well-maintained. The unit mix includes six 1-bedroom/1-bath apartments and one spacious 3-bedroom/2-bath apartment, which features a private balcony.
The building is rent-stabilized and benefits from a 25-year 421-a tax exemption scheduled to expire in 2030. Nearby transit includes the bus Q23 and the 111 Street #7 subway station. The property is also described as being near shopping, supermarkets, restaurants, schools, parks, and major highways.
Information provided, including condition, regulatory status, and tax benefits, is deemed reliable but not guaranteed, and prospective buyers are advised to perform independent due diligence. The adjacent property at 45-10 111th Street is also available for sale, with an option to purchase the buildings individually or as a package.
The building is rent-stabilized and benefits from a 25-year 421-a tax exemption scheduled to expire in 2030. Nearby transit includes the bus Q23 and the 111 Street #7 subway station. The property is also described as being near shopping, supermarkets, restaurants, schools, parks, and major highways.
Information provided, including condition, regulatory status, and tax benefits, is deemed reliable but not guaranteed, and prospective buyers are advised to perform independent due diligence. The adjacent property at 45-10 111th Street is also available for sale, with an option to purchase the buildings individually or as a package.
Key Highlights
- Solid brick semi‑attached 7‑family apartment building built in 2004
- Unit mix: 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 - Well-maintained 7-unit brick building built in 2004, featuring six 1-bed/1-bath units and one 3-bed/2-bath unit.
Where is this apartment building located?
The property is located at 45-12 111 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: 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
