Mixed-Use Building with
50-07 108th Street, Corona, NY 11368
For Sale
$1,190,000
A street-level business area is paired with a three-bedroom residence above.
Property Size2,450 SF
Price / SF$485.71
Days on Market94
Property Features for 50-07 108th Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Parkview Realty LLC
(718) 699-2500
Listed By:
Rita Maruca
(917) 922-9470
Source:
Adamstreetrealty
Added: Aug 7
Changed: Nov 7
Last Checked: Nov 7 at 2:19PM
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 Parkview Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1925, this 2,450-square-foot mixed-use property combines ground-floor commercial space with a residence on the second level. The business area has a half bathroom, direct basement access, and a route to the backyard. Below, an unfinished basement includes an auxiliary room.
The upper floor is arranged with three bedrooms, a kitchen, living room, dining room, and full bathroom. A rear porch connects to the backyard. The property is zoned R6B.
The upper floor is arranged with three bedrooms, a kitchen, living room, dining room, and full bathroom. A rear porch connects to the backyard. The property is zoned R6B.
Key Highlights
- 2,450‑square‑foot mixed‑use property built in 1925
- Ground‑floor commercial area with half bathroom and backyard access
- Three‑bedroom upper residence with kitchen, living room, dining room, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,733
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,660
$874.7K
Cap Rate 7%
$624,757
$624.8K
Cap Rate 9%
$485,922
$485.9K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$73.5K $30.00/SF
− Vacancy
−$11.0K −$4.50/SF
EGI
$62.5K $25.50/SF
− OpEx
−$18.7K −$7.65/SF
NOI
$43.7K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,660
Cap Rate 7%
$624,757
Cap Rate 9%
$485,922
Alternative Uses
Best Use
Retail
$624.8K
$546.7K – $728.9K
NOI $43,733 @ 7.0% cap · market cap 3.68%
Second Best
Mixed Use
$450.5K
$394.2K – $525.5K
NOI $31,532 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,432 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,169
Businesses Nearby
79k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Hotels & Casinos 12%
Electronics 4%
Dining 4%
BP
Shops & Services
30,076 visits/mo
0.2 miles
Speedway
Shops & Services
15,765 visits/mo
0.4 miles
Springhill Suites New York Laguardia Airport
Hotels & Casinos
9,165 visits/mo
0.3 miles
Shell
Shops & Services
6,654 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
3,440 visits/mo
0.2 miles
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
$751,700
Median Home Value
Check the figures for this property
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-level business area is paired with a three-bedroom residence above.
Where is this mixed-use property located?
The property is located at 50-07 108th Street Corona, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 2,450‑square‑foot mixed‑use property built in 1925; Ground‑floor commercial area with half bathroom and backyard access; Three‑bedroom upper residence with kitchen, living room, dining room, and full bathroom
