Ground-Floor Office
For Sale
Contact for pricing
51-17 108th St, Corona, NY 11368
Reception, private rooms, open work areas, and a lab area provide varied interior configurations.
Property Size2,900 SF
Price / SF$1.55
Days on Market51
Property Features for 51-17 108th St
General Information
Standard status
Active
Size
2,900 SF
Additional Details
Floor
Ground
Public Transit
Yes
Property Use
Office
Amenities
reception
desk
office
rooms
2 entrances
large open areas
lab area
2 bathrooms
Listing Agency:
Platinum Properties
Listed By:
Raymund Ramirez Sykes
(631) 406-4200
Source:
Davisrealtyandauction
Added: Sep 15
Changed: Nov 3
Last Checked: Nov 3 at 6:40AM
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 Platinum Properties
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Investment Insights
Based on property information with market context.
This ground-floor office suite includes a reception area with desk, separate offices and rooms, broad open areas, and a lab area. Two entrances and two bathrooms are part of the layout. The configuration may suit office, medical, educational, tutoring, day care, or nonprofit use, as identified for the space.
The property is at 51-17 108th St in Corona, near Q59 and Q58 bus service.
The property is at 51-17 108th St in Corona, near Q59 and Q58 bus service.
Key Highlights
- Ground‑floor suite with reception area and desk
- Interior includes offices, rooms, open areas, and a lab area
- Two entrances and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,479
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,909,580
$1.9M
Cap Rate 7%
$1,363,986
$1.4M
Cap Rate 9%
$1,060,878
$1.1M
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$146.2K $50.40/SF
− Vacancy
−$18.9K −$6.50/SF
EGI
$127.3K $43.90/SF
− OpEx
−$31.8K −$10.97/SF
NOI
$95.5K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,909,580
Cap Rate 7%
$1,363,986
Cap Rate 9%
$1,060,878
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.59M
NOI $95,479 @ 7.0% cap · market cap 2,121.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,654 @ 7.0% cap · market cap 3,325.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,596
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Reception, private rooms, open work areas, and a lab area provide varied interior configurations.
Where is this office unit located?
The property is located at 51-17 108th St Corona, NY.
What are key features of this property?
This property features: Ground‑floor suite with reception area and desk; Interior includes offices, rooms, open areas, and a lab area; Two entrances and 2 bathrooms
