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Legal Two-Family Home in Corona

47-19 99th Street, Corona, NY 11368

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For Sale

$1,090,000

Semi-detached, four-story duplex with a finished basement in Queens.

Type:Multi Family

Property size:

3,100 SF

Lot size:

0.03 Acres

Price / SF:

$351/SF

HighLights

Legal 2‑family semi‑detached home.
Delivered vacant at closing.
Finished basement with high ceilings, full bathroom, and separate entrance.
Excellent sun exposure throughout the property.
Located in the heart of Corona, Queens, near shops, restaurants, and public transportation.
Small private backyard.

We can help!

Contact an agent

XiaoMei(May) He

For Sale

$1,090,000

Semi-detached, four-story duplex with a finished basement in Queens.

Type:Multi Family

Property size:

3,100 SF

Lot size:

0.03 Acres

Price / SF:

$351/SF

Added:: Jan 21, 2024
Days on Market:: 898
Last Refresh:: Apr 6 at 1:00 am

Property Features for 47-19 99th Street

General Information

Standard status: Active
Size: 3,100 SF
Lot size: 0.03 Acres
Property subtype: Multi Family

We can help!

Contact an agent

XiaoMei(May) He

Listing office RE/MAX Edge

Listing date Jan 21, 2024

Source Exitrealty

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 RE/MAX Edge

HighLights

Legal 2‑family semi‑detached home.
Delivered vacant at closing.
Finished basement with high ceilings, full bathroom, and separate entrance.
Excellent sun exposure throughout the property.
Located in the heart of Corona, Queens, near shops, restaurants, and public transportation.
Small private backyard.

Overview

This legal two-family, semi-detached home presents an investment opportunity in the Corona neighborhood of Queens. Constructed in 2006, the four-story property includes a full, finished basement with high ceilings, a full bathroom, and a separate entrance. The building features hardwood floors and ample natural light throughout. The heating and hot water systems are separated for each unit. A small, private backyard provides space for outdoor activities. The property is conveniently located near shops, restaurants, and public transportation. The property will be delivered vacant at closing.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$143.2k	$46.20
− Vacancy	−$5.4k	−$1.76
EGI	$137.8k	$44.44
− OpEx	−$62.0k	−$20.00
NOI	$75.8k	$24.44

3,100 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.08M

$947.2K – $1.26M (±1% cap)

NOI $75,778 @ 7.0% cap · market cap 6.95%

Second Best

Multifamily LT 5

$733.0K

$641.4K – $855.2K (±1% cap)

NOI $51,310 @ 7.0% cap · market cap 4.71%

Theoretical Best

Office A

$2.29M

$2.00M – $2.67M (±1% cap)

NOI $159,975 @ 7.0% cap · market cap 14.68%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Corona
County: Queens
State: New York
Longitude: -73.871412
Latitude: 40.769541

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For sale
Duplexes
NY
Corona
11368
47-19 99th Street

What type of property is this?

Duplex - Semi-detached, four-story duplex with a finished basement in Queens.

Where is this duplex located?

The property is located at 47-19 99th Street Corona, NY.

What is the asking price?

The asking price for this property is $1,090,000.

What are key features of this property?

This property features: Legal 2‑family semi‑detached home.; Delivered vacant at closing.; Finished basement with high ceilings, full bathroom, and separate entrance.