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5507 103rd Street, 
Corona, NY 11368

$2,280,000


Bed


Bath


4,250

Sq Ft


Multi-Family

Active

Listed by

Yincheng Wu

Zhe Chen

United Real Estate Fortune

Last updated:

April 28, 2025, 05:41 PM

MLS#

853259

Source:

LI

About This Home

5507 103rd Street

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.

Home Facts

Multi-Family

Built in 1931

Price Summary

2,280,000

$536 per Sq. Ft.

MLS #:

853259

Last Updated:

April 28, 2025, 05:41 PM

Added:

12 day(s) ago


Structure

Structure

Building Area:

4,250 Sq. Ft.

Year Built:

1931


Lot

Lot Size (Sq. Ft):

3,155


Finances & Disclosures

Finances

Price:

$2,280,000

Price per Sq. Ft:

$536 per Sq. Ft.

Source:LI
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