Duplex with Finished
For Sale
$1,249,999
Pending
9844 Corona Avenue, Corona, NY 11368
A one-car garage and a subway station within walking distance complement the two-family configuration.
Property Size2,024 SF
Days on Market10
Property Features for 9844 Corona Avenue
General Information
Standard status
Pending
Size
2,024 SF
Total Parking Spaces
1
Property subtype
Residential Income
Units
Unit Mix
3BR/1BA, 4BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,696
Amenities
Full
2
No
Yes
7
Formal Dining
Public
Alley Access
2024
Building Details
Building Size
2,024 SF
Year Built
1920
Listing Agency:
Elite Team Realty LLC
(516) 703-2918
Listed By:
Hassan Mahmood
Source:
Hedgestonehomes
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 9:18AM
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 Elite Team Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1920, this semi-detached duplex has two residential levels and a fully finished basement. The main level contains three bedrooms and one full bathroom; the second floor has four bedrooms and one full bathroom. The basement adds another bathroom, and the property includes a one-car garage.
A subway station is a 10-minute walk away. A school, bus stop, and grocery store are also nearby.
A subway station is a 10-minute walk away. A school, bus stop, and grocery store are also nearby.
Key Highlights
- Two‑family, semi‑detached property
- Main level with 3 bedrooms and 1 full bathroom
- Second floor with 4 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,476
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,520
$989.5K
Cap Rate 7%
$706,800
$706.8K
Cap Rate 9%
$549,733
$549.7K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$93.5K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$90.0K $44.44/SF
− OpEx
−$40.5K −$20.00/SF
NOI
$49.5K $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%
$989,520
Cap Rate 7%
$706,800
Cap Rate 9%
$549,733
Alternative Uses
Best Use
Apartment 5plus
$706.8K
$618.5K – $824.6K
NOI $49,476 @ 7.0% cap · market cap 3.96%
Second Best
Multifamily LT 5
$478.6K
$418.8K – $558.3K
NOI $33,500 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,448 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,636
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A one-car garage and a subway station within walking distance complement the two-family configuration.
Where is this duplex located?
The property is located at 9844 Corona Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,249,999.
What are key features of this property?
This property features: Two‑family, semi‑detached property; Main level with 3 bedrooms and 1 full bathroom; Second floor with 4 bedrooms and 1 full bathroom
