Building Details

Building Size 2,960 SF

Year Built 1931

Buildings 1

Construction brick

Listing Agency: Signature Premier Properties

Listed By: Nina Jean Harris Show Phone

Source: Serhant

Added: Jun 10 Changed: Oct 1 Last Checked: Oct 15 at 5:38AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1931, this four-dwelling brick quadplex includes a basement with high ceilings and a full bathroom, providing additional interior space for storage, recreation, or office use. The first floor contains 3 bedrooms and 2 full baths, while the second floor offers 4 bedrooms and 2 full baths. Oil heat and gas cooking serve the building.

The property is located near schools, shopping, transportation, parks, and neighborhood amenities. The seller prefers to complete the sale with tenants in place.

Key Highlights

• Four‑dwelling brick building on a 25x100 lot
• First floor has 3 bedrooms and 2 full baths
• Second floor has 4 bedrooms and 2 full baths

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

Is this asking price fair?

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 (±1% cap)

NOI $72,355 @ 7.0% cap · market cap 4.02%

Second Best

Multifamily LT 5

$699.9K

$612.4K – $816.6K (±1% cap)

NOI $48,993 @ 7.0% cap · market cap 2.72%

Theoretical Best

Office A

$2.18M

$1.91M – $2.55M (±1% cap)

NOI $152,750 @ 7.0% cap · market cap 8.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Four-Unit Multifamily Property

35-13 109th Street, Corona, NY 11368

$1,499,000

0.04 Acres

View details

Renovated Quadplex with Backyard

3416 103rd Street, Corona, NY 11368

$1,399,000

View details

Brick Quadplex with Basement

9710 41st Avenue, Corona, NY 11368

$1,798,000

0.05 Acres

View details

4-Unit Brick Quadplex

5732 Xenia Street, Corona, NY 11368

$1,848,000

0.07 Acres

View details

Quadplex Residential Income Property

10431 37th Road, Corona, NY 11368

$1,850,000

0.05 Acres

View details

Brick Quadplex

38-04 111th Street, Corona, NY 11368

$1,899,000

0.06 Acres

View details

Four-Family Brick Property

10630 50th Avenue, Corona, NY 11368

$1,580,000

0.06 Acres

View details

Brick Quadplex with Finished Basement

35-43 97th Street, Corona, NY 11368

$1,580,000

0.06 Acres

View details

Duplex Property

37-21 104th Street, Corona, NY 11368

$1,829,000

View details

Newly Built Three-Unit Triplex

10717 34th Avenue, Corona, NY 11368

$2,100,000

View details

Triplex with Garage and Balconies

5915 Xenia Street, Corona, NY 11368

$1,600,000

3,160 SF

View details

Renovated Multifamily Property

10405 Westside Ave, Corona, NY 11368

$1,650,000

3,400 SF

View details

Frequently Asked Questions

What type of property is this?

Quadplex - Four-dwelling brick property with a high-ceiling basement and full bathroom.

Where is this quadplex located?

The property is located at 9712 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 on a 25x100 lot; First floor has 3 bedrooms and 2 full baths; Second floor has 4 bedrooms and 2 full baths