Building Details

Building Size 1,100 SF

Year Built 1962

Listed By: Rommel L. Vazquez · License #10301205146 Show Phone

Source: Elliman

Added: Nov 27, 2025 Changed: Sep 29 Last Checked: Oct 9 at 9:23PM

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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 Rommel L. Vazquez

Investment Insights

Based on property information with market context.

This is a two-bedroom, two-bathroom coop located in Corona.

Key Highlights

• Two bathrooms for convenience.
• Two bedrooms offer comfortable living.
• Coop located in Corona.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,889

Cap Rate

8.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$537,780 $537.8K

Cap Rate 7%

$384,129 $384.1K

Cap Rate 9%

$298,767 $298.8K

Market Conditions

NOI Build-Up for 1,100 SF

Gross rent

$50.8K $46.20/SF

− Vacancy

−$1.9K −$1.76/SF

EGI

$48.9K $44.44/SF

− OpEx

−$22.0K −$20.00/SF

NOI

$26.9K $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%

$537,780

Cap Rate 7%

$384,129

Cap Rate 9%

$298,767

Alternative Uses

Best Use

Apartment 5plus

$384.1K

$336.1K – $448.2K (±1% cap)

NOI $26,889 @ 7.0% cap · market cap 8.17%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$810.9K

$709.6K – $946.1K (±1% cap)

NOI $56,765 @ 7.0% cap · market cap 17.25%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Nursing Home Garden Center Acupuncture

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

Location Intelligence

Trade Area within ½ mile

2,548

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

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Spacious two-bedroom, two-bathroom coop available in Corona.

Where is this apartment building located?

The property is located at 99-06 58 Ave 3H Queens, NY.

What is the asking price?

The asking price for this property is $329,000.

What are key features of this property?

This property features: Two bathrooms for convenience.; Two bedrooms offer comfortable living.; Coop located in Corona.