Brick Four-Family
New
For Sale
$1,848,000
5732 Xenia Street, Corona, NY 11368
Four apartments include layouts with two or four bedrooms, and the upper floors have balconies.
Property Size3,630 SF
Price / SF$509.09
Days on Market3
Property Features for 5732 Xenia Street
General Information
Standard status
Active
Size
3,630 SF
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
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$21,196
Amenities
balcony
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
3,630 SF
Year Built
1935
Units
4
Construction
brick
Listing Agency:
RE/MAX 1st Choice
Listed By:
Gina Back · License #309A0944498
(718) 208-3111
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:48PM
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
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Investment Insights
Based on property information with market context.
This 3,630-square-foot, brick, semi-attached building contains four apartments and was built in 1935. The described layouts include one apartment with a living and dining area, four bedrooms, and two bathrooms; another with a living and dining area, two bedrooms, and one bathroom; and two additional apartments, each with a living and dining area and four bedrooms. One of those has two bathrooms, while the other has a full bathroom. Balconies serve the second and third floors.
The property is near public transportation, shopping, and highways. Parking also generates income.
The property is near public transportation, shopping, and highways. Parking also generates income.
Key Highlights
- Four‑family brick building with 3,630 square feet
- Built in 1935
- Apartment layouts include three four‑bedroom units and one two‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,733
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
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
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 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 10.14%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments include layouts with two or four bedrooms, and the upper floors have balconies.
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 $1,848,000.
What are key features of this property?
This property features: Four‑family brick building with 3,630 square feet; Built in 1935; Apartment layouts include three four‑bedroom units and one two‑bedroom unit
