Brick 7-Unit Apartment
45-12 111 St Corona, NY 11368
45-12 111 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 Market15
Property Features for 45-12 111 St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 16
- Rooms
- Bathroom 2, Bathroom 16, Bathroom 3, Bathroom 13, Bathroom 6, Bathroom 10, Bathroom 9, Bathroom 15, Bathroom 4, Bathroom 12, Bathroom 8, Bathroom 11, Bathroom 14, Bathroom 7, Bathroom 1, Bathroom 5
- 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
Building Details
- Year built
- 2004
- Floors in Building
- 4
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
- 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 3 Checked: Jul 17 at 7:06 am
MLS# 11866829
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.
Solid brick semi-attached 7-family apartment building built in 2004. The building consists of six 1-bedroom/1-bath apartments and one 3-bedroom/2-bath apartment that includes a private balcony. The property is noted as rent-stabilized and benefits from a 25-year 421-a tax exemption scheduled to expire in 2030.
The property is located in the heart of Corona, near bus service and the 111 Street #7 subway station, and close to shopping, supermarkets, restaurants, schools, parks, and major highways. The adjacent property at 45-10 111th Street is also available for sale, with an option to purchase one building individually or both as a package.
The information provided, including condition and regulatory details, is described as reliable but not guaranteed. Buyers are advised to complete their own due diligence and verify all information.
The property is located in the heart of Corona, near bus service and the 111 Street #7 subway station, and close to shopping, supermarkets, restaurants, schools, parks, and major highways. The adjacent property at 45-10 111th Street is also available for sale, with an option to purchase one building individually or both as a package.
The information provided, including condition and regulatory details, is described as reliable but not guaranteed. Buyers are advised to complete their own due diligence and verify all information.
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
- 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 building with six 1-bedroom units and one 3-bedroom unit, built in 2004.
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; Rent‑stabilized building with a 25‑year 421‑a tax exemption scheduled to expire in 2030
