Triplex with Garage and
5915 Xenia Street, Corona, NY 11368
For Sale
$1,600,000
Pending
Three residential units include eight bedrooms, separate utility meters, a basement, and a private driveway.
Property Size3,160 SF
Lot Size0.05 Acres
Days on Market49
Property Features for 5915 Xenia Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Public Transit
Utilities to Site
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
full basement
garage
private driveway
two balconies
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams Landmark II
Listed By:
Joseph S. Piparo
(973) 752-7733
Source:
Serhant
Added: Sep 22
Changed: Nov 5
Last Checked: Nov 8 at 2:25PM
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 Keller Williams Landmark II
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Investment Insights
Based on property information with market context.
Built in 1970, this triplex contains approximately 3,160 square feet across three residential units, with 8 bedrooms, 3 full bathrooms, and 2 half bathrooms. The property sits on a 2,178-square-foot lot and includes a full basement, garage, private driveway, and two balconies. Four separate electric meters and four separate gas meters serve the multi-unit configuration.
The property is on Xenia Street in Corona, Queens, near public transportation.
The property is on Xenia Street in Corona, Queens, near public transportation.
Key Highlights
- Three residential units with 8 bedrooms, 3 full bathrooms, and 2 half bathrooms
- Approximately 3,160 square feet on a 2,178‑square‑foot lot
- Full basement, garage, private driveway, and two balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,086
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,561,720
$1.6M
Cap Rate 7%
$1,115,514
$1.1M
Cap Rate 9%
$867,622
$867.6K
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$121.3K $38.40/SF
− Vacancy
−$9.8K −$3.10/SF
EGI
$111.6K $35.30/SF
− OpEx
−$33.5K −$10.59/SF
NOI
$78.1K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,561,720
Cap Rate 7%
$1,115,514
Cap Rate 9%
$867,622
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$976.1K – $1.30M
NOI $78,086 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$1.10M
$965.6K – $1.29M
NOI $77,244 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,071 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Yes
Utilities to site
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Three residential units include eight bedrooms, separate utility meters, a basement, and a private driveway.
Where is this triplex located?
The property is located at 5915 Xenia Street Corona, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three residential units with 8 bedrooms, 3 full bathrooms, and 2 half bathrooms; Approximately 3,160 square feet on a 2,178‑square‑foot lot; Full basement, garage, private driveway, and two balconies
