Mixed-Use Building with
New
For Sale
$1,699,000
Pending
99-12 37th Avenue, Corona, NY 11368
Two renovated-in-recent-years apartments sit above a barber shop, with separate residential utility meters.
Property Size2,602 SF
Days on Market4
Property Features for 99-12 37th Avenue
General Information
Standard status
Pending
Size
2,602 SF
Zoning
C1-4
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,085
Amenities
Storage Space
Yes
Public
No
2602
Building Details
Building Size
2,602 SF
Year Built
1931
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
B Square Realty
(516) 703-2918
Listed By:
John Taylor
Source:
Hedgestonehomes
Added: Oct 26
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 B Square Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 99-12 37th Avenue, this mixed-use building combines a ground-floor retail space occupied by a barber shop with two 2-bedroom apartments on the upper floor. The apartments were renovated in recent years, and each residential unit is separately metered. Building dimensions are approximately 19.5' × 68'; the lot measures 19.5' × 101'. All tenants have month-to-month tenancies.
The property is on 37th Avenue in Corona, near the 7 subway line, major bus routes, shopping, restaurants, and schools. Zoning is R6B with a C1-4 commercial overlay.
The property is on 37th Avenue in Corona, near the 7 subway line, major bus routes, shopping, restaurants, and schools. Zoning is R6B with a C1-4 commercial overlay.
Key Highlights
- Ground‑floor retail space is occupied by a barber shop
- Two 2‑bedroom apartments above the retail space
- Residential apartments renovated in recent years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,604
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,272,080
$1.3M
Cap Rate 7%
$908,629
$908.6K
Cap Rate 9%
$706,711
$706.7K
Market Conditions
NOI Build-Up for 2,602 SF
Gross rent
$120.2K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$115.6K $44.44/SF
− OpEx
−$52.0K −$20.00/SF
NOI
$63.6K $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%
$1,272,080
Cap Rate 7%
$908,629
Cap Rate 9%
$706,711
Alternative Uses
Best Use
Apartment 5plus
$908.6K
$795.1K – $1.06M
NOI $63,604 @ 7.0% cap · market cap 3.74%
Second Best
Retail
$663.5K
$580.6K – $774.1K
NOI $46,446 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,276 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,436
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two renovated-in-recent-years apartments sit above a barber shop, with separate residential utility meters.
Where is this mixed-use property located?
The property is located at 99-12 37th Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Ground‑floor retail space is occupied by a barber shop; Two 2‑bedroom apartments above the retail space; Residential apartments renovated in recent years
