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Six-Unit Brick Apartment Building
For Sale
$965,000

99-11 42 Avenue, Corona, NY 11368

Six residential units in a well-maintained brick building, including five 2-bedrooms and one 1-bedroom with separate utilities.

Property Size5,040 SF
Days on Market92

Property Features for 99-11 42 Avenue

General Information

Standard status Active
Size 5,040 SF
Property subtype Multi Family

Additional Details

Multifamily Units 6

Taxes and HOA fees

Annual Taxes $21,372

Building Details

Building Size 5,040 SF
Year Built 1931
Tenancy Multi
Listing Agency: Keller Williams Landmark II
Listed By: George C. Arnaudov · License #40AR1152240
Source: Serhant
Added: Jun 5 Changed: Aug 25 Last Checked: Sep 4 at 10:51AM

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 Keller Williams Landmark II

Investment Insights

Based on property information with market context.

This well-maintained brick multifamily property offers six residential units: five 2-bedroom apartments and one 1-bedroom apartment. Each unit has separate utility setups, supported by a total of 7 electric meters and 7 gas meters, with cooking gas and electricity handled individually so tenants pay their own expenses.

The property is located in Corona, Queens near the 103rd St–Corona Plaza 7-train subway station, providing convenient access for commuters. The surrounding area includes local shopping, dining, community parks, and essential services.

For investors seeking an income-producing asset, the building is configured as a straightforward six-unit residential property with tenant-paid utilities and a mix of unit sizes across the portfolio.

Key Highlights

  • Well‑maintained brick 6‑family building built in 1931
  • Unit mix: five 2‑bedroom apartments and one 1‑bedroom apartment
  • Separate utilities for tenants with 7 electric meters and 7 gas meters

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Parking Lot & Garage Nursing Home Carpet & Flooring Store

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

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

5,722
Businesses Nearby

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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six residential units in a well-maintained brick building, including five 2-bedrooms and one 1-bedroom with separate utilities.
Where is this apartment building located?
The property is located at 99-11 42 Avenue Corona, NY.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Well‑maintained brick 6‑family building built in 1931; Unit mix: five 2‑bedroom apartments and one 1‑bedroom apartment; Separate utilities for tenants with 7 electric meters and 7 gas meters
More about this property
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