7-Unit New Construction Apartment
For Sale
$3,150,000
55-04 102nd Street Corona, Ny, NY 11368
Newly constructed multifamily property with a finished basement and rooftop terrace.
Property Size5,700 SF
Price / SF$552.63
Days on Market100
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Property Features for 55-04 102nd Street Corona
General Information
Standard status
Active
Size
5,700 SF
Units
Unit Mix
1 x 2BR/2BA, 6 x 1BR/1BA
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$2,409
Amenities
backyard
rooftop terrace
Finished,Walk-Out Access
Yes
Finished, Walk-Out Access
No
5700
Building Details
Building Size
5,700 SF
Year Built
2026
Stories
4
Listed By:
Andrew Boodhoo
(718) 684-8000
Source:
Parkassets
Added: Jul 8
Changed: Oct 6
Last Checked: Oct 7 at 9:11AM
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 Andrew Boodhoo
Investment Insights
Based on property information with market context.
This 7-unit apartment building in Corona, NY, was built in 2026 and includes a mix of one- and two-bedroom residences. The first floor contains a two-bedroom, two-bathroom unit with a kitchen, living room, and backyard access. A finished basement adds a half bathroom, separate exterior entry, and walk-out access. The second through fourth floors each contain two apartments, with every unit offering one bedroom, one bathroom, a kitchen, and a living room.
Outdoor features include a backyard and a rooftop terrace with views of the surrounding area. Residents are responsible for their own heat and electric. The property is approved for a 35-year tax abatement.
Outdoor features include a backyard and a rooftop terrace with views of the surrounding area. Residents are responsible for their own heat and electric. The property is approved for a 35-year tax abatement.
Key Highlights
- 7‑unit apartment building completed in 2026
- First‑floor 2‑bedroom, 2‑bathroom apartment with backyard access
- Six upper‑floor apartments, each with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$178,338
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,566,760
$3.6M
Cap Rate 7%
$2,547,686
$2.5M
Cap Rate 9%
$1,981,533
$2.0M
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$341.3K $59.88/SF
− Vacancy
−$17.1K −$2.99/SF
EGI
$324.3K $56.89/SF
− OpEx
−$145.9K −$25.60/SF
NOI
$178.3K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,566,760
Cap Rate 7%
$2,547,686
Cap Rate 9%
$1,981,533
Alternative Uses
Best Use
Apartment 5plus
$2.55M
$2.23M – $2.97M
NOI $178,338 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.19M
$12.41M – $16.55M
NOI $993,168 @ 7.0% cap · market cap 31.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
10,782
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
Frequently Asked Questions
What type of property is this?
Apartment building - Newly constructed multifamily property with a finished basement and rooftop terrace.
Where is this apartment building located?
The property is located at 55-04 102nd Street Corona Ny, 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: 7‑unit apartment building completed in 2026; First‑floor 2‑bedroom, 2‑bathroom apartment with backyard access; Six upper‑floor apartments, each with 1 bedroom and 1 bathroom
