7-Unit Apartment Building with Rooftop
55-04 102nd Street, Corona, NY 11368
For Sale
$3,150,000
New construction combines varied apartment layouts with private outdoor areas.
Property Size5,700 SF
Price / SF$552.63
Days on Market189
Property Features for 55-04 102nd Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
backyard
rooftop terrace
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Jamie Realty Group
Listed By:
Xiao Zheng · License #10491212408
(718) 886-0668
Source:
Croninreale
Added: May 5
Changed: Nov 8
Last Checked: Nov 9 at 7:23AM
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 Jamie Realty Group
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Investment Insights
Based on property information with market context.
Completed in 2026, this seven-unit apartment property in Corona includes a two-bedroom, two-bath residence on the ground floor, with a kitchen, living room, and access to the backyard. A finished basement adds a half bath and a separate route to the yard. The three upper floors each contain two one-bedroom apartments, each with a kitchen, living room, and full bath.
The property also has a rooftop terrace with views of the surrounding area. A tax abatement has been approved for 35 years. Residents pay their own heating and electric costs.
The property also has a rooftop terrace with views of the surrounding area. A tax abatement has been approved for 35 years. Residents pay their own heating and electric costs.
Key Highlights
- Seven apartments in a 2026‑built property
- Ground‑floor unit has 2 bedrooms and 2 bathrooms
- Six upper‑floor apartments, each with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,333
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,786,660
$2.8M
Cap Rate 7%
$1,990,471
$2.0M
Cap Rate 9%
$1,548,144
$1.5M
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$263.3K $46.20/SF
− Vacancy
−$10.0K −$1.76/SF
EGI
$253.3K $44.44/SF
− OpEx
−$114.0K −$20.00/SF
NOI
$139.3K $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%
$2,786,660
Cap Rate 7%
$1,990,471
Cap Rate 9%
$1,548,144
Alternative Uses
Best Use
Apartment 5plus
$1.99M
$1.74M – $2.32M
NOI $139,333 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.20M
$3.68M – $4.90M
NOI $294,147 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
2,354
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
$751,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Corona, NY
Properties on Market for Apartment buildings in Corona
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - New construction combines varied apartment layouts with private outdoor areas.
Where is this apartment building located?
The property is located at 55-04 102nd Street Corona, NY.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Seven apartments in a 2026‑built property; Ground‑floor unit has 2 bedrooms and 2 bathrooms; Six upper‑floor apartments, each with 1 bedroom and 1 bathroom
