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3740 103rd St 6 Unit Apartment Building $2,990,000 ($498,333/Unit) 7.44% Cap Rate Corona, NY 11368
Executive Summary
7.44% High-yield mixed-use investment opportunity in the heart of Corona. This income-producing property features one ground-floor retail space and five residential units, creating a strong and diversified cash flow structure in a high-demand rental market.
With both commercial and residential income streams, the property offers excellent return potential and long-term stability. The retail storefront benefits from strong street presence and consistent foot traffic, while the residential units provide steady rental income in an area known for robust tenant demand and low vacancy rates.
Located just moments from major commercial corridors, supermarkets, restaurants, schools, and parks, with convenient access to subway lines and multiple bus routes, this property remains highly attractive to both residential and retail tenants—supporting continued rental strength.
An ideal asset for investors seeking strong cash flow, solid appreciation potential, and high investment returns in one of Queens’ most active and resilient neighborhoods.
With both commercial and residential income streams, the property offers excellent return potential and long-term stability. The retail storefront benefits from strong street presence and consistent foot traffic, while the residential units provide steady rental income in an area known for robust tenant demand and low vacancy rates.
Located just moments from major commercial corridors, supermarkets, restaurants, schools, and parks, with convenient access to subway lines and multiple bus routes, this property remains highly attractive to both residential and retail tenants—supporting continued rental strength.
An ideal asset for investors seeking strong cash flow, solid appreciation potential, and high investment returns in one of Queens’ most active and resilient neighborhoods.
Property Facts
| Price | $2,990,000 | Apartment Style | Low-Rise |
| Price Per Unit | $498,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 7.44% | Building Size | 6,751 SF |
| No. Units | 6 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | ||
| Zoning | R6B | ||
| Price | $2,990,000 |
| Price Per Unit | $498,333 |
| Sale Type | Investment |
| Cap Rate | 7.44% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 6,751 SF |
| No. Stories | 4 |
| Year Built | 2006 |
| Zoning | R6B |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Tub/Shower
- Freezer
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
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3740 103rd St
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