Brick Quadplex With
For Sale
$1,798,000
9710 41st Avenue, Corona, NY 11368
Four-dwelling brick building with basement, full bath, and space for storage, recreation, or office use.
Lot Size0.06 Acres
Days on Market53
Property Features for 9710 41st Avenue
General Information
Standard status
Active
Lot size
0.06 Acres
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Building Details
Building Size
2,960 SF
Year Built
1931
Buildings
1
Construction
brick
Listing Agency:
Signature Premier Properties
(516) 824-2474
Listed By:
Nina Jean Harris
Source:
Barbieliteam
Added: Jun 10
Changed: Jul 31
Last Checked: Jul 31 at 4:12AM
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 Signature Premier Properties
Investment Insights
Based on property information with market context.
Brick quadplex building offering four dwelling units across two levels. The first floor features three bedrooms and two full baths. The second floor features four bedrooms and two full baths. A basement with high ceilings includes a full bathroom, providing additional space that can work for storage, recreation, or an office.
The property sits on a 25x100 lot and includes oil heat with gas cooking. Built in 1931, the building is described as convenient to schools, shopping, transportation, parks, and neighborhood amenities.
Seller would like to sell with tenants in place.
The property sits on a 25x100 lot and includes oil heat with gas cooking. Built in 1931, the building is described as convenient to schools, shopping, transportation, parks, and neighborhood amenities.
Seller would like to sell with tenants in place.
Key Highlights
- Four‑dwelling brick quadplex
- Basement with high ceilings and a full bathroom
- First floor: three bedrooms and two full baths
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 | $136.8k | $46.20 |
| − Vacancy | −$5.2k | −$1.76 |
| EGI | $131.6k | $44.44 |
| − OpEx | −$59.2k | −$20.00 |
| NOI | $72.4k | $24.44 |
2,960 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$904.4K – $1.21M
NOI $72,355 @ 7.0% cap · market cap 4.02%
Second Best
Multifamily LT 5
$699.9K
$612.4K – $816.6K
NOI $48,993 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,750 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,119
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?
Quadplex - Four-dwelling brick building with basement, full bath, and space for storage, recreation, or office use.
Where is this quadplex located?
The property is located at 9710 41st Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: Four‑dwelling brick quadplex; Basement with high ceilings and a full bathroom; First floor: three bedrooms and two full baths
