Three-Story
New
For Sale
$1,350,000
5611 Waldron Street, Corona, NY 11368
Updated in 2023, the home has separate heating and hot water systems and can be delivered vacant at closing.
Property Size1,978 SF
Lot Size0.04 Acres
Price / SF$682.51
Days on Market5
Property Features for 5611 Waldron Street
General Information
Standard status
Active
Size
1,978 SF
Lot size
0.04 Acres
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,744
Building Details
Building Size
1,978 SF
Year Built
1910
Year Renovated
2023
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Sany Realty Group LLC
Listed By:
Meng Shi Fang
(929) 235-0501
Source:
Barbieliteam
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 7:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sany Realty Group LLC
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Investment Insights
Based on property information with market context.
This three-story duplex contains approximately 1,978 square feet of living space on a 20 x 80 lot. Each floor includes three bedrooms, a living room, and a full bathroom. Renovated in 2023, the brick property also has separate heating and hot water systems. Built in 1910, it can be delivered vacant at closing and is being sold as-is.
The property is near the Long Island Expressway (I-495), with Q58 and Q23 bus service outside. Shopping, restaurants, schools, and public transportation are nearby.
The property is near the Long Island Expressway (I-495), with Q58 and Q23 bus service outside. Shopping, restaurants, schools, and public transportation are nearby.
Key Highlights
- Three floors, each with 3 bedrooms, a living room, and a full bathroom
- Approximately 1,978 sq. ft. of living space on a 20 x 80 lot
- Renovated in 2023; brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,351
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,020
$967.0K
Cap Rate 7%
$690,729
$690.7K
Cap Rate 9%
$537,233
$537.2K
Market Conditions
NOI Build-Up for 1,978 SF
Gross rent
$91.4K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$87.9K $44.44/SF
− OpEx
−$39.6K −$20.00/SF
NOI
$48.4K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,020
Cap Rate 7%
$690,729
Cap Rate 9%
$537,233
Alternative Uses
Best Use
Apartment 5plus
$690.7K
$604.4K – $805.9K
NOI $48,351 @ 7.0% cap · market cap 3.58%
Second Best
Multifamily LT 5
$467.7K
$409.2K – $545.7K
NOI $32,739 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,074 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,888
Businesses Nearby
Explore this area
Business Placement
Demographics for 11368, NY
117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated in 2023, the home has separate heating and hot water systems and can be delivered vacant at closing.
Where is this duplex located?
The property is located at 5611 Waldron Street Corona, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three floors, each with 3 bedrooms, a living room, and a full bathroom; Approximately 1,978 sq. ft. of living space on a 20 x 80 lot; Renovated in 2023; brick construction
