Mixed-Use Building with Private
9904 Northern Boulevard, Corona, NY 11368
For Sale
$2,399,999
The R6A-zoned property combines street-level commercial space with three residential units.
Property Size4,240 SF
Price / SF$566.04
Days on Market8
Property Features for 9904 Northern Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Road Access
Mixed-Use Components
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private garage
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
Chase Global Realty Corp
Listed By:
Yong F. Li
(917) 583-9211
Source:
Moreandmorerealestate
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 7 at 1:36PM
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 Chase Global Realty Corp
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Investment Insights
Based on property information with market context.
At 9904 Northern Boulevard in Corona, this three-story brick mixed-use building contains 4,240 square feet. The property pairs a commercial storefront with three residential units and a private garage.
Built in 1926, the building is zoned R6A and sits on Northern Boulevard in Queens.
Built in 1926, the building is zoned R6A and sits on Northern Boulevard in Queens.
Key Highlights
- 4,240‑square‑foot, three‑story brick mixed‑use building
- Commercial storefront plus three residential units
- Private garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,644
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,072,880
$2.1M
Cap Rate 7%
$1,480,629
$1.5M
Cap Rate 9%
$1,151,600
$1.2M
Market Conditions
NOI Build-Up for 4,240 SF
Gross rent
$195.9K $46.20/SF
− Vacancy
−$7.4K −$1.76/SF
EGI
$188.4K $44.44/SF
− OpEx
−$84.8K −$20.00/SF
NOI
$103.6K $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%
$2,072,880
Cap Rate 7%
$1,480,629
Cap Rate 9%
$1,151,600
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,644 @ 7.0% cap · market cap 4.32%
Second Best
Retail
$1.08M
$946.1K – $1.26M
NOI $75,684 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $218,804 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
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
$751,700
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The R6A-zoned property combines street-level commercial space with three residential units.
Where is this mixed-use property located?
The property is located at 9904 Northern Boulevard Corona, NY.
What is the asking price?
The asking price for this property is $2,399,999.
What are key features of this property?
This property features: 4,240‑square‑foot, three‑story brick mixed‑use building; Commercial storefront plus three residential units; Private garage
