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Corona Queens - Mixed-Use Building 3717-3719 108th St 14 Unit Apartment Building $3,627,520 CAD ($259,109 CAD/Unit) 10.89% Cap Rate Corona, NY 11368

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INVESTMENT HIGHLIGHTS

2 contiguous 4 story mixed use buildings with 14 rent stabilized residential apartments and 2 commercial units.
Each commercial unit is slightly below grade with small elevator and handi-cap accesible platform lift.

Each apartment has its own boiler and HVAC unit, some units have a balcony.

EXECUTIVE SUMMARY

2 Contiguous Mixed-Use Buildings
37-17 & 37-19 108th Street, Corona, Queens, NY!
Property Highlights:
2 Four Story Mixed-Use Buildings.
14 Rent Stabilized Residential Units.
Two Ground Floors Commercial Units.
Square Footage: 15,068
Built in 2008
Price Per Square Foot: $ 199

3717-3719 108TH STREET (QUEENS)

Offering Memorandum

FINANCIAL SUMMARY (PRO FORMA - 2024)	ANNUAL (CAD)	ANNUAL PER SF (CAD)
Gross Rental Income	$660,404	$43.83
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$660,404	$43.83
Taxes	$157,934	$10.48
Operating Expenses	$107,337	$7.12
Total Expenses	$265,271	$17.60
Net Operating Income	$395,133	$26.22

FINANCIAL SUMMARY (PRO FORMA - 2024)

Gross Rental Income (CAD)
Annual	$660,404
Annual Per SF	$43.83

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$660,404
Annual Per SF	$43.83

Taxes (CAD)
Annual	$157,934
Annual Per SF	$10.48

Operating Expenses (CAD)
Annual	$107,337
Annual Per SF	$7.12

Total Expenses (CAD)
Annual	$265,271
Annual Per SF	$17.60

Net Operating Income (CAD)
Annual	$395,133
Annual Per SF	$26.22

PROPERTY FACTS

Price	$3,627,520 CAD	Apartment Style	Mid-Rise
Price Per Unit	$259,109 CAD	Building Class	B
Sale Type	Investment	Lot Size	0.11 AC
Cap Rate	10.89%	Building Size	15,068 SF
Gross Rent Multiplier	5.5	Average Occupancy	100%
No. Units	14	No. Stories	4
Property Type	Multifamily	Year Built	2008
Property Subtype	Apartment
Zoning	C1-4 / R6BBlock

Price	$3,627,520 CAD
Price Per Unit	$259,109 CAD
Sale Type	Investment
Cap Rate	10.89%
Gross Rent Multiplier	5.5
No. Units	14
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	B
Lot Size	0.11 AC
Building Size	15,068 SF
Average Occupancy	100%
No. Stories	4
Year Built	2008
Zoning	C1-4 / R6BBlock

UNIT AMENITIES

Air Conditioning

Heating

Kitchen

Wheelchair Accessible (Rooms)

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
Studios	2	-	400 - 600
1+1	4	-	550
2+2	8	-	800

1 1

AERIAL
MAP

3717-3719 108th St, Corona, NY - AERIAL map view

Walk Score®

Walker's Paradise (94)

Transit Score®

Excellent Transit (84)

Bike Score®

Very Bikeable (80)

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Transit Score® measures access to public transit.

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

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Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers	Multiple 01777-0058 01777-0057	Total Assessment	$1,266,463 CAD (2025)
Land Assessment	$26,214 CAD (2025)	Annual Taxes	$157,934 CAD ($10.48 CAD/SF)
Improvements Assessment	$1,240,249 CAD (2025)	Tax Year	2024