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5507 103rd St 5 Unit Apartment Building $2,180,000 ($436,000/Unit) 6.56% Cap Rate Corona, NY 11368
INVESTMENT HIGHLIGHTS
- Near public transportation
- munities from from supermarkets, restaurants, schools and professional offices.
- Lively neighbourhood
EXECUTIVE SUMMARY
Welcome to 5507-103 Street, a rare and expansive legal mixed-use property in the heart of vibrant Corona, Queens. This fully tenant-occupied income-generating building features a front and rear structure. gross annual rental income of $143,100, and an estimated cap rate over 6%. Set on a 3,155 sq ft lot with 4,250 sq ft of total building space, this property is perfect for savvy investors seeking both stability and growth potential. The property includes low annual taxes of $14,637. Each unit enjoys natural light and functional layouts, with high rental demand in the area ensuring low vacancy rates year-round. Perfectly situated near the 7 Subway Line and LIRR, this property offers direct access to Manhattan and Long Island, making it a commuter’s dream. Just minutes from supermarkets, restaurants, schools, and professional offices, it sits in a peaceful enclave while enjoying the best of urban convenience. This location is particularly attractive for renters, with high walkability and thriving neighborhood amenities.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$143,100
|
$60.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$143,100
|
$60.92
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $143,100 |
| Annual Per SF | $60.92 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $143,100 |
| Annual Per SF | $60.92 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $2,180,000 | Apartment Style | Low-Rise |
| Price Per Unit | $436,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6.56% | Building Size | 2,349 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | R5 - Medium density district with a height limit of 40 feet | ||
| Price | $2,180,000 |
| Price Per Unit | $436,000 |
| Sale Type | Investment |
| Cap Rate | 6.56% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 2,349 SF |
| No. Stories | 2 |
| Year Built | 1931 |
| Zoning | R5 - Medium density district with a height limit of 40 feet |
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Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 01944-0030 | Improvements Assessment | $90,989 (2025) |
| Land Assessment | $35,479 (2025) | Total Assessment | $126,468 (2025) |
PROPERTY TAXES
Parcel Number
01944-0030
Land Assessment
$35,479 (2025)
Improvements Assessment
$90,989 (2025)
Total Assessment
$126,468 (2025)
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5507 103rd St
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