Four-Unit Brick
New
For Sale
$1,798,000
9710 41st Avenue, Corona, NY 11368
Two residential floors sit above a high-ceiling basement with a full bathroom and flexible utility.
Property Size2,960 SF
Lot Size0.06 Acres
Price / SF$607.43
Days on Market3
Property Features for 9710 41st Avenue
General Information
Standard status
Active
Size
2,960 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$17,172
Amenities
Eat-in Kitchen
Building Details
Building Size
2,960 SF
Year Built
1931
Buildings
1
Stories
2
Units
4
Construction
brick
Listing Agency:
Signature Premier Properties
Listed By:
Nina Jean Harris
(516) 458-6086
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:46PM
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
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Investment Insights
Based on property information with market context.
This 2,960-square-foot brick quadplex contains four dwellings and was built in 1931. The first floor has three bedrooms and two full bathrooms; the second floor includes four bedrooms and two full bathrooms. A basement with high ceilings and a full bathroom adds additional interior space. The building uses oil heat and gas cooking.
The property occupies a 25-by-100-foot lot in Corona, with schools, shopping, transportation, parks, and other neighborhood amenities nearby. The seller would like to convey the property with tenants in place.
The property occupies a 25-by-100-foot lot in Corona, with schools, shopping, transportation, parks, and other neighborhood amenities nearby. The seller would like to convey the property with tenants in place.
Key Highlights
- Four‑dwelling brick building
- 2,960 square feet on a 25x100 lot
- First floor: 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,355
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,447,100
$1.4M
Cap Rate 7%
$1,033,643
$1.0M
Cap Rate 9%
$803,944
$803.9K
Market Conditions
NOI Build-Up for 2,960 SF
Gross rent
$136.8K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$131.6K $44.44/SF
− OpEx
−$59.2K −$20.00/SF
NOI
$72.4K $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%
$1,447,100
Cap Rate 7%
$1,033,643
Cap Rate 9%
$803,944
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.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,204
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Two residential floors sit above a high-ceiling basement with a full bathroom and flexible utility.
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 building; 2,960 square feet on a 25x100 lot; First floor: 3 bedrooms and 2 full bathrooms
