Three-Story Brick
New
For Sale
$1,350,000
5611 Waldron Street, Corona, NY 11368
Residential Income, Corona, NY
Property Size1,978 SF
Lot Size0.04 Acres
Price / SF$682.51
Days on Market2
Property Features for 5611 Waldron Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage
Interior features
First Floor Bedroom, First Floor Full Bath
Elementary school
Ps 14 Fairview
Middle school
Is 61 Leonardo Da Vinci
High school
Academy-Finance & Enterprise
Elementary school district
Queens 24
Middle school district
Queens24
High school district
Queens24
Standard status
Active
APN
01953-0056
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7744
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1910
Number of units
2
Building materials
Brick
Listing Agency:
Sany Realty Group LLC
(718) 799-0726
Listed By:
Meng Shi Fang
(929) 235-0501
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 22 at 7:06PM
MLS# 1065411
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick two-family residence in Corona spans three stories and was updated in 2023. The listing describes each floor as having three bedrooms, a living room, and a full bathroom. Separate heating and hot water systems serve the property. The home contains approximately 1,978 square feet on a 20-by-80-foot lot and is being sold as-is; vacant delivery at closing is possible.
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
- Two‑family brick residence updated in 2023
- Three stories; each floor has 3 bedrooms, a living room, and a full bathroom
- Approximately 1,978 sq. ft. of living space
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family residence may be delivered vacant at closing and has separate heating and hot water systems.
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: Two‑family brick residence updated in 2023; Three stories; each floor has 3 bedrooms, a living room, and a full bathroom; Approximately 1,978 sq. ft. of living space
