Brick Quadplex with
For Sale
$1,850,000
5732 Xenia Street, Corona, NY 11368
Four-family residential building with varied apartment layouts and outdoor balcony space on the upper floors.
Property Size3,630 SF
Days on Market59
Property Features for 5732 Xenia Street
General Information
Standard status
Active
Size
3,630 SF
Total Parking Spaces
3
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 4BR/2BA, 1 x 2BR/1BA, 1 x 4BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$170,400
Taxes and HOA fees
Annual Taxes
$21,196
Building Details
Building Size
3,630 SF
Year Built
1935
Units
4
Construction
brick
Listing Agency:
RE/MAX 1st Choice
(516) 888-6000
Listed By:
Gina Back · License #309A0944498
Source:
Alexandermadisonhomes
Added: Jul 2
Changed: Aug 28
Last Checked: Aug 25 at 9:08AM
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 RE/MAX 1st Choice
Investment Insights
Based on property information with market context.
This 1935 brick quadplex contains four residential units arranged across multiple floors. The layouts include living and dining areas, two- and four-bedroom configurations, and a mix of full bathroom counts. Balconies are provided on the second and third floors, adding private outdoor space to the upper-level apartments.
The property is located at 5732 Xenia Street in Corona, NY, with public transportation, shopping, and highway access identified in the surrounding area. Its semi-attached configuration and established multifamily format support continued residential use.
The property is located at 5732 Xenia Street in Corona, NY, with public transportation, shopping, and highway access identified in the surrounding area. Its semi-attached configuration and established multifamily format support continued residential use.
Key Highlights
- Four‑family brick building constructed in 1935
- Four residential units with two- and four‑bedroom layouts
- Upper‑floor apartments include balconies on the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,733
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,774,660
$1.8M
Cap Rate 7%
$1,267,614
$1.3M
Cap Rate 9%
$985,922
$985.9K
Market Conditions
NOI Build-Up for 3,630 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$167.7K $46.20/SF
− Vacancy
−$6.4K −$1.76/SF
EGI
$161.3K $44.44/SF
− OpEx
−$72.6K −$20.00/SF
NOI
$88.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,774,660
Cap Rate 7%
$1,267,614
Cap Rate 9%
$985,922
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,733 @ 7.0% cap · market cap 4.80%
Second Best
Multifamily LT 5
$858.3K
$751.0K – $1.00M
NOI $60,082 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$2.68M
$2.34M – $3.12M
NOI $187,325 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,486
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-family residential building with varied apartment layouts and outdoor balcony space on the upper floors.
Where is this quadplex located?
The property is located at 5732 Xenia Street Corona, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Four‑family brick building constructed in 1935; Four residential units with two- and four‑bedroom layouts; Upper‑floor apartments include balconies on the second and third floors
