Detached Two-Family
For Sale
$1,348,000
Pending
9612 34th Avenue, Corona, NY 11368
Two separate apartments provide nine bedrooms, with the lower residence connecting to a finished basement and backyard.
Property Size2,348 SF
Lot Size0.06 Acres
Days on Market9
Property Features for 9612 34th Avenue
General Information
Standard status
Pending
Size
2,348 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 5BR, 1 x 4BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,041
Amenities
private backyard
fully finished basement
Finished,Full,Walk-Out Access
3
Yes
9
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen
Finished, Full, Walk-Out Access
Public
No
2348
Building Details
Building Size
2,348 SF
Year Built
1930
Buildings
1
Stories
2
Listing Agency:
Mitra Hakimi Realty Group LLC
(516) 703-2918
Listed By:
Amandeep Kakar
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:18PM
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 Mitra Hakimi Realty Group LLC
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Investment Insights
Based on property information with market context.
This detached duplex contains approximately 2,348 square feet across two apartments. The first-floor unit has five bedrooms, a living room, kitchen, and full bathroom, with access to the backyard and a finished, walk-out basement that includes an additional bathroom. The second-floor apartment offers four bedrooms, a living room, kitchen, and full bathroom. The building dates to 1930 and occupies a 25-by-100-foot lot.
The property is at 96-12 34th Avenue in Corona, Queens. The 7 train at Junction Boulevard, Flushing Meadows Corona Park, Citi Field, Northern Boulevard, Roosevelt Avenue, and LaGuardia Airport are identified as nearby destinations.
The property is at 96-12 34th Avenue in Corona, Queens. The 7 train at Junction Boulevard, Flushing Meadows Corona Park, Citi Field, Northern Boulevard, Roosevelt Avenue, and LaGuardia Airport are identified as nearby destinations.
Key Highlights
- Detached duplex with two apartments and nine total bedrooms
- Approximately 2,348 square feet on a 25x100 lot
- First‑floor apartment has five bedrooms and access to the finished, walk‑out basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,395
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,900
$1.1M
Cap Rate 7%
$819,929
$819.9K
Cap Rate 9%
$637,722
$637.7K
Market Conditions
NOI Build-Up for 2,348 SF
Gross rent
$108.5K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$104.4K $44.44/SF
− OpEx
−$47.0K −$20.00/SF
NOI
$57.4K $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%
$1,147,900
Cap Rate 7%
$819,929
Cap Rate 9%
$637,722
Alternative Uses
Best Use
Apartment 5plus
$819.9K
$717.4K – $956.6K
NOI $57,395 @ 7.0% cap · market cap 4.26%
Second Best
Multifamily LT 5
$555.2K
$485.8K – $647.7K
NOI $38,863 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,168 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,032
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 Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments provide nine bedrooms, with the lower residence connecting to a finished basement and backyard.
Where is this duplex located?
The property is located at 9612 34th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,348,000.
What are key features of this property?
This property features: Detached duplex with two apartments and nine total bedrooms; Approximately 2,348 square feet on a 25x100 lot; First‑floor apartment has five bedrooms and access to the finished, walk‑out basement
