Triplex with Additional
For Sale
$1,260,000
Pending
58-17-15 Penrod Street, Corona, NY 11368
A second parcel, two garages, and a driveway provide useful outdoor and vehicle space for this residential property.
Property Size3,092 SF
Lot Size0.11 Acres
Days on Market9
Property Features for 58-17-15 Penrod Street
General Information
Standard status
Pending
Size
3,092 SF
Lot size
0.11 Acres
Property subtype
Residential Income
Zoning
R5
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,213
Amenities
spacious yard
garages
driveway
Finished
Ceramic Tile
3
No
Yes
8
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen,Formal Dining,Washer/Dryer Hookup
Public
3092
Building Details
Building Size
3,092 SF
Year Built
1920
Buildings
1
Listing Agency:
(516) 703-2918
Listed By:
Michael Giordano
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:36PM
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 Michael Giordano
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Investment Insights
Based on property information with market context.
This 3,092-square-foot triplex sits on a 30-by-100-foot lot, with an additional 20-by-100-foot lot included. The property is zoned R5 and was built in 1920. Site features include a yard, two garages, and a driveway with capacity for multiple vehicles.
Shopping facilities and public transportation are nearby. The property is located on Penrod Street in Corona, New York.
Shopping facilities and public transportation are nearby. The property is located on Penrod Street in Corona, New York.
Key Highlights
- 3,092‑square‑foot triplex built in 1920
- Includes a 30x100 lot and an additional 20x100 lot
- R5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,582
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,511,640
$1.5M
Cap Rate 7%
$1,079,743
$1.1M
Cap Rate 9%
$839,800
$839.8K
Market Conditions
NOI Build-Up for 3,092 SF
Gross rent
$142.9K $46.20/SF
− Vacancy
−$5.4K −$1.76/SF
EGI
$137.4K $44.44/SF
− OpEx
−$61.8K −$20.00/SF
NOI
$75.6K $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%
$1,511,640
Cap Rate 7%
$1,079,743
Cap Rate 9%
$839,800
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$944.8K – $1.26M
NOI $75,582 @ 7.0% cap · market cap 6.00%
Second Best
Multifamily LT 5
$731.1K
$639.7K – $853.0K
NOI $51,178 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,562 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
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?
Triplex - A second parcel, two garages, and a driveway provide useful outdoor and vehicle space for this residential property.
Where is this triplex located?
The property is located at 58-17-15 Penrod Street Corona, NY.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: 3,092‑square‑foot triplex built in 1920; Includes a 30x100 lot and an additional 20x100 lot; R5 zoning
