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Corona Mixed Use Building 3784 103rd St 4 Unit Apartment Building $2,500,000 ($625,000/Unit) 5.60% Cap Rate Corona, NY 11368
Executive Summary
Prime Corona location. Mixed-use building with one commercial unit and three residential units. Very strong rents; 3A $2500 lease exp 11/30/2026, 2A $4500 no lease, 3B $2200 lease exp 9/30/2026, store $7,000 lease exp 12/30/2026. Annual expenses: $45,686 property taxes, $4458 insurance.
Property Facts
| Price | $2,500,000 | Building Class | C |
| Price Per Unit | $625,000 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 4,092 SF |
| Cap Rate | 5.60% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R6B - medium density residential zone | ||
| Price | $2,500,000 |
| Price Per Unit | $625,000 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,092 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6B - medium density residential zone |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 1 | $4,500 | 1,240 |
| 2+1 | 1 | $2,200 | 620 |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01768-0050 | Improvements Assessment | $304,423 |
| Land Assessment | $85,435 | Total Assessment | $389,858 |
Property Taxes
Parcel Number
01768-0050
Land Assessment
$85,435
Improvements Assessment
$304,423
Total Assessment
$389,858
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Corona Mixed Use Building | 3784 103rd St