Legal Three-Family
99-18 Corona Avenue Corona, NY 11368
For Sale
$1,495,000
Pending
MULTI_FAMILY - Modern - Corona, NY
Property Size4,480 SF
Lot Size0.04 Acres
Days on Market131
Property Features for 99-18 Corona Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bedroom 4, Basement, Bedroom 3, Bathroom 3, Bedroom 9, Bedroom 1, Bedroom 7, Bedroom 8, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 1
Parking
2
Parking features
Carport, Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Breakfast Bar, Chandelier, Eat-in Kitchen
Fencing
Chain Link
Basement
Full, Walk-Out Access, Finished
Standard status
Pending
APN
01926-0008
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
829
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Separate Meters, Window Unit(s), Ductless, Wall/Window Unit(s)
Water source
Public
Building Details
Year built
2004
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Architectural style
Modern
Listing Agency:
Century Homes Realty Group LLC
(718) 886-6800
Listed By:
Roger Liu
(646) 233-6608
Added: Mar 22
Changed: Jul 28
Last Checked: Jul 30 at 12:06AM
MLS# 975018
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.
Built in 2004, this legal three-family residence offers a total of 9 bedrooms and 4 bathrooms. The property includes an OSE basement with three sets of boilers/hot water tanks. The first- and second-floor units share an identical layout featuring an open living room/dining room/kitchen configuration with 3 bedrooms and 1 bathroom. The third unit is a duplex spanning the 3rd and 4th floors, with the living area opening from the 3rd floor ground to the 4th floor ceiling. This duplex includes a balcony, an eat-in kitchen, 3 bedrooms, 2 bathrooms, and a terrace.
Located at 99-18 Corona Avenue in Corona, NY 11368, the home provides off-street access via a private driveway. The owner pays water only, and the property can be delivered vacant.
Designed for rental use with distinct unit layouts, the building can support an owner-operator or investor strategy where water costs are limited to the owner. The residence is being sold as-is, with all information provided as reliable but not guaranteed. Buyers should confirm details during due diligence, including unit measurements, condition, and any operating requirements tied to the existing systems.
Located at 99-18 Corona Avenue in Corona, NY 11368, the home provides off-street access via a private driveway. The owner pays water only, and the property can be delivered vacant.
Designed for rental use with distinct unit layouts, the building can support an owner-operator or investor strategy where water costs are limited to the owner. The residence is being sold as-is, with all information provided as reliable but not guaranteed. Buyers should confirm details during due diligence, including unit measurements, condition, and any operating requirements tied to the existing systems.
Key Highlights
- Legal 3‑family house built in 2004 with 9 beds and 4 baths
- 4480 sq ft livable plus an OSE basement
- 1st and 2nd floor units have identical open LR/Dr/Kitchen layouts with 3 beds and 1 bath
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $207.0k | $46.20 |
| − Vacancy | −$7.9k | −$1.76 |
| EGI | $199.1k | $44.44 |
| − OpEx | −$89.6k | −$20.00 |
| NOI | $109.5k | $24.44 |
4,480 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.37M – $1.83M
NOI $109,511 @ 7.0% cap · market cap 7.33%
Second Best
Multifamily LT 5
$1.06M
$926.9K – $1.24M
NOI $74,151 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,190 @ 7.0% cap · market cap 15.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three units built in 2004, with a private driveway and an OSE basement featuring multiple boiler systems.
Where is this triplex located?
The property is located at 99-18 Corona Avenue Corona, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Legal 3‑family house built in 2004 with 9 beds and 4 baths; 4480 sq ft livable plus an OSE basement; 1st and 2nd floor units have identical open LR/Dr/Kitchen layouts with 3 beds and 1 bath
