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11050-11052 Corona Ave 14 Unit Apartment Building $3,200,000 ($228,571/Unit) 4.11% Cap Rate Flushing, NY 11368
Executive Summary
A prime Corona location 1990 construction 14 Unit Building at 110-50 & 110-52 Corona Ave, Corona, NY, 11368.....
14 boilers, 14 gas meters, 15 electric meters.
Unique construction: 8 Apartments are duplex apartments featuring Six 2 Bedroom apartments....Six 1 Bedroom apartments... and 2 Studios....
There are 4 front Parking spots in front of the building......
Strong construction with wooden tiles on top of concrete floors in the apartments.
Hallways have cement/concrete floors with steel railings.......
Gross Income: $227,976.
Net Income: $131,558......
Great Location only 2 blocks to Long Island Expressway service road......
4 Blocks to Forest Hills......
Only 1.5 Blocks to Terrace on the Park and Flushing Meadows Park.
Download Attached Marketing Brochure.
Here is the Property Video: https://youtu.be/Eu9SAomdRWk
For Appointment and financials contact exclusive broker:
*Victor Weinberger of Re/Max Team
*917-806-7040 (cell) 917-591-8000 (eFax)
*718-429-4400 (office)
*E-mail: VWremax@gmail.com
*Web: http://www.VictorWeinberger.com
14 boilers, 14 gas meters, 15 electric meters.
Unique construction: 8 Apartments are duplex apartments featuring Six 2 Bedroom apartments....Six 1 Bedroom apartments... and 2 Studios....
There are 4 front Parking spots in front of the building......
Strong construction with wooden tiles on top of concrete floors in the apartments.
Hallways have cement/concrete floors with steel railings.......
Gross Income: $227,976.
Net Income: $131,558......
Great Location only 2 blocks to Long Island Expressway service road......
4 Blocks to Forest Hills......
Only 1.5 Blocks to Terrace on the Park and Flushing Meadows Park.
Download Attached Marketing Brochure.
Here is the Property Video: https://youtu.be/Eu9SAomdRWk
For Appointment and financials contact exclusive broker:
*Victor Weinberger of Re/Max Team
*917-806-7040 (cell) 917-591-8000 (eFax)
*718-429-4400 (office)
*E-mail: VWremax@gmail.com
*Web: http://www.VictorWeinberger.com
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$227,976
|
$23.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$227,976
|
$23.38
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$96,418
|
$9.89
|
| Net Operating Income |
$131,558
|
$13.49
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $227,976 |
| Annual Per SF | $23.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $227,976 |
| Annual Per SF | $23.38 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $96,418 |
| Annual Per SF | $9.89 |
| Net Operating Income | |
|---|---|
| Annual | $131,558 |
| Annual Per SF | $13.49 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 6 | - | - |
| 1+1 | 6 | - | - |
| Studios | 2 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01968-0021 | Improvements Assessment | $521,820 |
| Land Assessment | $30,600 | Total Assessment | $552,420 |
Property Taxes
Parcel Number
01968-0021
Land Assessment
$30,600
Improvements Assessment
$521,820
Total Assessment
$552,420
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11050-11052 Corona Ave
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