Three-Unit
5825 Penrod Street, Corona, NY 11368
For Sale
$1,390,000
All three units are occupied, with two bedrooms in each residence.
Property Size2,249 SF
Price / SF$618.05
Days on Market33
Property Features for 5825 Penrod Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Home X Realty
Listed By:
Rhykel Y. Rodriguez
(347) 608-7056
Source:
Croninreale
Added: Oct 7
Changed: Nov 7
Last Checked: Nov 7 at 11:55AM
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 Home X Realty
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Investment Insights
Based on property information with market context.
This 2,249-square-foot triplex contains three separate residences, each with two bedrooms, for a total of six bedrooms. Unfinished storage space is also part of the property, and tenants are in place. The building dates to 1920.
Located at 5825 Penrod Street in Corona, the property is near shopping, dining, transportation, and schools. Parking is on the street.
Located at 5825 Penrod Street in Corona, the property is near shopping, dining, transportation, and schools. Parking is on the street.
Key Highlights
- Three separate units, each with 2 bedrooms
- 2,249 square feet across the triplex
- Tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,976
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,520
$1.1M
Cap Rate 7%
$785,371
$785.4K
Cap Rate 9%
$610,844
$610.8K
Market Conditions
NOI Build-Up for 2,249 SF
Gross rent
$103.9K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$100.0K $44.44/SF
− OpEx
−$45.0K −$20.00/SF
NOI
$55.0K $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%
$1,099,520
Cap Rate 7%
$785,371
Cap Rate 9%
$610,844
Alternative Uses
Best Use
Apartment 5plus
$785.4K
$687.2K – $916.3K
NOI $54,976 @ 7.0% cap · market cap 3.96%
Second Best
Multifamily LT 5
$531.8K
$465.3K – $620.4K
NOI $37,225 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $116,059 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,842
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 Triplexes in Corona
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three units are occupied, with two bedrooms in each residence.
Where is this triplex located?
The property is located at 5825 Penrod Street Corona, NY.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Three separate units, each with 2 bedrooms; 2,249 square feet across the triplex; Tenants in place
