Mixed-Use Building with
For Sale
$1,699,000
99-12 37th Avenue, Corona, NY 11368
Commercial Sale, Corona, NY
Property Size2,608 SF
Lot Size0.05 Acres
Price / SF$651.46
Days on Market100
Property Features for 99-12 37th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1-4
Rooms
Basement
Basement
Storage Space
Appliances
Cooktop, Electric Water Heater, Refrigerator
Elementary school district
Contact Agent
Middle school district
Contact Agent
High school district
Contact Agent
Directions
Google maps
Standard status
Active
APN
01762-0006
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8085
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1931
Floors in Building
2
Building materials
Brick
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Li Li
(646) 889-9988
Added: Jun 30
Changed: Oct 5
Last Checked: Oct 7 at 6:06AM
MLS# 1020202
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 2,608 square feet within a brick building constructed in 1931. The ground floor is configured as retail space and is currently occupied by a barber shop, while the upper levels contain two two-bedroom residential apartments. The building measures approximately 19.5 feet by 68 feet and sits on a 19.5-foot by 101-foot lot totaling 0.045 acres.
Both residential apartments have been renovated in recent years. The units are separately metered, and their tenants are responsible for individual utilities. Current occupants are on month-to-month tenancies. The property is served by public water and public sewer and includes electric heating, window or wall/window unit cooling, and a basement. It is located near the 7 subway line, major bus routes, shopping, restaurants, schools, and everyday conveniences.
Both residential apartments have been renovated in recent years. The units are separately metered, and their tenants are responsible for individual utilities. Current occupants are on month-to-month tenancies. The property is served by public water and public sewer and includes electric heating, window or wall/window unit cooling, and a basement. It is located near the 7 subway line, major bus routes, shopping, restaurants, schools, and everyday conveniences.
Key Highlights
- Approximately 2,608 SF mixed‑use building with ground‑floor retail and two 2‑bedroom apartments
- Ground‑floor commercial space is occupied by a barber shop
- Two residential apartments renovated in recent years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,751
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,275,020
$1.3M
Cap Rate 7%
$910,729
$910.7K
Cap Rate 9%
$708,344
$708.3K
Market Conditions
NOI Build-Up for 2,608 SF
Gross rent
$120.5K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$115.9K $44.44/SF
− OpEx
−$52.2K −$20.00/SF
NOI
$63.8K $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%
$1,275,020
Cap Rate 7%
$910,729
Cap Rate 9%
$708,344
Alternative Uses
Best Use
Apartment 5plus
$910.7K
$796.9K – $1.06M
NOI $63,751 @ 7.0% cap · market cap 3.75%
Second Best
Retail
$665.0K
$581.9K – $775.9K
NOI $46,553 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,585 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail space is combined with two residential apartments renovated in recent years.
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: Approximately 2,608 SF mixed‑use building with ground‑floor retail and two 2‑bedroom apartments; Ground‑floor commercial space is occupied by a barber shop; Two residential apartments renovated in recent years
