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5507 103rd St
Multi-Family
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$2,180,000

5507 103rd St, Corona

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0 bd·0 ba·0 sqft
Built 19313,154 sqft lotSouth Corona

5507 103rd St, Corona, NY

0 bd · 0 ba · 0 sqft Multi-Family listed at $2,180,000, built in 1931 in the South Corona neighborhood.

About this home

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.

Property details

Price
$2,180,000
Bedrooms
0
Bathrooms
0
Year built
1931
Lot size
3,154 sqft
Type
Multi-Family
Days on market
366
Est. property tax
$30,084/yr · $2,507/mo · 1.38% NY avg
Last sold
$1,250,000 · Aug 2018

Estimated monthly payment

Down payment20% ($436,000)
Interest rate6.75%
Principal & Interest$11,312
Property Tax$1,998
Insurance$150
Total$13,460/mo

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Price history

4.4%Most recent change on 2025-10-15: $2,280,000$2,180,000.

$2.49M$1.21M$-70K$144K on Jun 97 (Sold)$1.25M on Aug 18 (Sold)$2.28M on Apr 25 (Initial list)$2.18M on Oct 25 (Price change)
$144K · Jun 97$2.18M · Oct 25
  1. Oct 15, 2025$2,180,000Price change
  2. Apr 24, 2025$2,280,000Initial list price
  3. Aug 7, 2018$1,250,000Sold
  4. Jun 26, 1997$144,000Sold

Location

This home is located in Corona, NY. Browse more Corona listings on the Corona market page.

Home Intelligence

Neighborhood (zip 11368)

This neighborhood is primarily renter-occupied (22% owner-occupied). Median age is 34.6; 11% hold a bachelor's degree; median household income is $69,391.

Median income
$69,391
Median age
34.6
Owner-occupied
22.0%
Bachelor's degree
10.5%
Census median home value
$797,200

Source: US Census Bureau American Community Survey 5-year estimates.

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