4-Bedroom
57-20 Penrod Street, Corona, NY 11368
For Sale
$667,800
The two-unit residence requires repairs and is being offered in as-is condition.
Property Size1,664 SF
Days on Market174
Property Features for 57-20 Penrod Street
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
REALHome Services & Solutions
Listed By:
Jamarr C. Zellner · License #10311210539
(470) 482-6054
Source:
Serhant
Added: May 19
Changed: Nov 7
Last Checked: Nov 7 at 2:01PM
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 REALHome Services & Solutions
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Investment Insights
Based on property information with market context.
Built in 1910, this duplex contains four bedrooms and two bathrooms. Reported conditions include damaged flooring, debris, wall and siding damage, exposed insulation, and exposed wiring. Repairs are needed, and the property is being sold as-is with no repairs before closing.
The property is described as blocks from the Zoo, Citi Field, Armstrong Stadium, and Flushing Meadows-Corona Park, with a quick ride to LaGuardia Airport.
The property is described as blocks from the Zoo, Citi Field, Armstrong Stadium, and Flushing Meadows-Corona Park, with a quick ride to LaGuardia Airport.
Key Highlights
- Four‑bedroom, two‑bathroom duplex
- Built in 1910
- Reported flooring, wall, and siding damage, with debris and exposed insulation and wires
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,676
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,520
$813.5K
Cap Rate 7%
$581,086
$581.1K
Cap Rate 9%
$451,956
$452.0K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$76.9K $46.20/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$74.0K $44.44/SF
− OpEx
−$33.3K −$20.00/SF
NOI
$40.7K $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%
$813,520
Cap Rate 7%
$581,086
Cap Rate 9%
$451,956
Alternative Uses
Best Use
Apartment 5plus
$581.1K
$508.5K – $677.9K
NOI $40,676 @ 7.0% cap · market cap 6.09%
Second Best
Multifamily LT 5
$393.5K
$344.3K – $459.0K
NOI $27,542 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,870 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,486
Businesses Nearby
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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
Properties on Market for Duplexes in Corona
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit residence requires repairs and is being offered in as-is condition.
Where is this duplex located?
The property is located at 57-20 Penrod Street Corona, NY.
What is the asking price?
The asking price for this property is $667,800.
What are key features of this property?
This property features: Four‑bedroom, two‑bathroom duplex; Built in 1910; Reported flooring, wall, and siding damage, with debris and exposed insulation and wires
