Legal Two-Family
For Sale
$1,190,000
5005 108th Street, Corona, NY 11368
Separate utilities, two boilers, and a full basement provide a flexible two-unit configuration.
Days on Market111
Property Features for 5005 108th Street
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
1,600 SF
Year Built
1925
Listing Agency:
Chase Global Realty Corp
(718) 355-8788
Listed By:
Sophia X. Yao · License #10311201216
Source:
Barbieliteam
Added: Apr 13
Changed: Jul 31
Last Checked: Aug 1 at 11:11AM
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 Chase Global Realty Corp
Investment Insights
Based on property information with market context.
This legal two-family home at 5005 108th Street in Corona is configured with two residential units and a full basement. The first-floor unit has 3 bedrooms, 1 bathroom, and direct backyard access, and will be delivered vacant. The second-floor unit includes 4 bedrooms and 1 bathroom and is currently rented; it can also be delivered vacant if needed.
The property sits on a 17 x 100 lot with a 17 x 50 building size and is located in an R6B zoning district. Separate utilities include 3 electric meters, 2 gas meters, and separate boilers. The full basement provides additional space for flexible use. The property is near supermarkets, restaurants, shops, the 7 train, major highways, Corona Park, Costco, and LaGuardia Airport.
The property sits on a 17 x 100 lot with a 17 x 50 building size and is located in an R6B zoning district. Separate utilities include 3 electric meters, 2 gas meters, and separate boilers. The full basement provides additional space for flexible use. The property is near supermarkets, restaurants, shops, the 7 train, major highways, Corona Park, Costco, and LaGuardia Airport.
Key Highlights
- Legal two‑family home with two separate residential units
- First‑floor unit has 3 bedrooms, 1 bathroom, backyard access, and will be delivered vacant
- Second‑floor unit offers 4 bedrooms and 1 bathroom; currently rented and available vacant if needed
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 | $73.9k | $46.20 |
| − Vacancy | −$2.8k | −$1.76 |
| EGI | $71.1k | $44.44 |
| − OpEx | −$32.0k | −$20.00 |
| NOI | $39.1k | $24.44 |
1,600 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$558.7K
$488.9K – $651.9K
NOI $39,111 @ 7.0% cap · market cap 3.29%
Second Best
Multifamily LT 5
$378.3K
$331.0K – $441.4K
NOI $26,483 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,568 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,444
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
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 - Separate utilities, two boilers, and a full basement provide a flexible two-unit configuration.
Where is this duplex located?
The property is located at 5005 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: Legal two‑family home with two separate residential units; First‑floor unit has 3 bedrooms, 1 bathroom, backyard access, and will be delivered vacant; Second‑floor unit offers 4 bedrooms and 1 bathroom; currently rented and available vacant if needed
