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9926 41st Ave 9 Unit Apartment Building $1,998,000 ($222,000/Unit) 7.64% Cap Rate Corona, NY 11368
Investment Highlights
- 3 Mins Walk to #7 Train Station
- Updated electrical system & new roof
- Most apartments were renovated recently
- Strong Rental Income
Executive Summary
Excellent investment opportunity! Solid brick 9-family building with a cap rate of over 7% and stable rental income. Most units have been recently renovated, and the property features all-new electrical wiring. Ideally located just a 3-minute walk from the #7 subway station, providing convenient access to transportation and local amenities. All units are currently occupied on a month-to-month basis, offering flexibility for future owners. Building size: 20' x 80'.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$1,400,000
|
$184.21
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $1,400,000 |
| Annual Per SF | $184.21 |
Property Facts
| Price | $1,998,000 | Property Subtype | Apartment |
| Price Per Unit | $222,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.64% | Building Size | 7,600 SF |
| No. Units | 9 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Zoning | R6B | ||
| Price | $1,998,000 |
| Price Per Unit | $222,000 |
| Sale Type | Investment |
| Cap Rate | 7.64% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,600 SF |
| No. Stories | 4 |
| Year Built | 1931 |
| Zoning | R6B |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 9 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01616-0016 | Improvements Assessment | $249,112 (2026) |
| Land Assessment | $3,763 (2026) | Total Assessment | $252,875 (2026) |
Property Taxes
Parcel Number
01616-0016
Land Assessment
$3,763 (2026)
Improvements Assessment
$249,112 (2026)
Total Assessment
$252,875 (2026)
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9926 41st Ave