Legal Two-Family Home in
For Sale
$1,090,000
47-19 99th St, Queens, NY 11368
Legal two-family home in Corona, Queens, built in 2006.
Property Size3,100 SF
Lot Size0.03 Acres
Days on Market308
Property Features for 47-19 99th St
General Information
Standard status
Active
Size
3,100 SF
Lot size
0.03 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,874
Building Details
Building Size
3,100 SF
Stories
4
Listing Agency:
RE/MAX Edge
Listed By:
XiaoMei(May) He · License #10401313430
(718) 612-3088
Source:
Elliman
Added: Dec 3, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:59AM
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
Investment Insights
Based on property information with market context.
This is a legal two-family, semi-detached home located in Corona, Queens. Constructed in 2006, the property features four stories and a full, finished basement with high ceilings, a full bathroom, and a separate entrance. The home has hardwood floors and receives ample sunlight. The heating and hot water systems are separated. A small, private backyard is suitable for outdoor activities. The property is conveniently located near shops, restaurants, and public transportation. It will be delivered vacant at closing.
Key Highlights
- Legal 2‑family semi‑detached home, ideal for investors or homeowners.
- Delivered vacant at closing.
- Finished basement with high ceilings, full bathroom, and separate entrance.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,778
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,515,560
$1.5M
Cap Rate 7%
$1,082,543
$1.1M
Cap Rate 9%
$841,978
$842.0K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$143.2K $46.20/SF
− Vacancy
−$5.4K −$1.76/SF
EGI
$137.8K $44.44/SF
− OpEx
−$62.0K −$20.00/SF
NOI
$75.8K $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 Rate 5%
$1,515,560
Cap Rate 7%
$1,082,543
Cap Rate 9%
$841,978
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$947.2K – $1.26M
NOI $75,778 @ 7.0% cap · market cap 6.95%
Second Best
Multifamily LT 5
$733.0K
$641.4K – $855.2K
NOI $51,310 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $159,975 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family home in Corona, Queens, built in 2006.
Where is this duplex located?
The property is located at 47-19 99th St Queens, 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, ideal for investors or homeowners.; Delivered vacant at closing.; Finished basement with high ceilings, full bathroom, and separate entrance.**
