Lower Level Retail
C1-37-13 103rd St Corona, NY 11369
C1-37-13 103rd St, Corona, NY, 11369
$990,000
For Sale
$990,000
Spacious lower level retail condo featuring high visibility and heavy foot traffic.
Property Size1,756 SF
Price / SF$563.78
Days on Market18
Property Features for C1-37-13 103rd St
General Information
- Standard status
- Active
- Size
- 1,756 SF
Listing agency
P R O Links Realty Inc
(718) 487-9992
Listed by
Siang Liu
(718) 487-9992
Source
Exprealty
Added: Jul 6 Updated: Jul 22 at 10:58PM Checked: Jul 22 at 10:58PM
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 P R O Links Realty Inc
Investment Insights
Based on property information with market context.
This for-sale retail condo includes a spacious lower level interior retail space measuring approximately 1,756 square feet. The property is presented as a lower level retail configuration intended for storefront-style retail use.
Public remarks note high visibility and heavy foot traffic. The offering also references a 25-year tax abatement.
For buyers looking at retail condominiums, this asset is positioned around a concentrated lower-level selling area and is marketed specifically as an investment opportunity with the stated tax benefit.
Public remarks note high visibility and heavy foot traffic. The offering also references a 25-year tax abatement.
For buyers looking at retail condominiums, this asset is positioned around a concentrated lower-level selling area and is marketed specifically as an investment opportunity with the stated tax benefit.
Key Highlights
- Lower level retail condo with about 1,756 SF interior space
- 25 years tax abatement
- High visibility and heavy foot traffic
Local Financial Insights For Retail
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 | $52.7k | $30.00 |
| − Vacancy | −$7.9k | −$4.50 |
| EGI | $44.8k | $25.50 |
| − OpEx | −$13.4k | −$7.65 |
| NOI | $31.3k | $17.85 |
1,756 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$447.8K
$391.8K – $522.4K
NOI $31,345 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,618 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Spacious lower level retail condo featuring high visibility and heavy foot traffic.
Where is this retail space located?
The property is located at C1-37-13 103rd St Corona, NY.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Lower level retail condo with about 1,756 SF interior space; 25 years tax abatement; High visibility and heavy foot traffic
