Brick Triplex with
For Sale
$1,600,000
5915 Xenia Street, Corona, NY 11368
Residential Income, Corona, NY
Property Size3,160 SF
Lot Size0.05 Acres
Price / SF$506.33
Days on Market8
Property Features for 5915 Xenia Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 5, Basement, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 7, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 8
Parking
1
Parking features
Driveway, Garage
Basement
Full
Elementary school
Ps 14 Fairview
Middle school
Is 61 Leonardo Da Vinci
High school
High School For Arts & Business
Elementary school district
Queens 24
Middle school district
Queens24
High school district
Queens24
Standard status
Active
APN
01957-0042
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12135
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s), Wall/Window Unit(s), Separate Meters
Water source
Public
Amenities
full basement
garage
private driveway
two balconies
Building Details
Year built
1970
Number of units
4
Building materials
Brick
Listing Agency:
Keller Williams Landmark II · Keller Williams Realty
(347) 846-1200
Listed By:
Ronald Ferrara
(347) 450-0153
Added: Sep 15
Changed: Sep 22
Last Checked: Sep 22 at 10:06PM
MLS# 1054029
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick triplex in Corona, Queens, was built in 1970 and contains approximately 3,160 square feet across three residential units. The property includes 8 bedrooms, 3 full bathrooms, and 2 half bathrooms, along with a full basement, two balconies, a private driveway, and a garage. Baseboard heating and window or wall/window unit cooling are provided, with separate meters noted for the cooling systems.
The property sits on a 2,178-square-foot lot at 59-15 Xenia Street. Four separate electric and gas meters support the multi-unit configuration, while public water and public sewer serve the property. Its location near public transportation adds an access feature for residents, and the driveway and garage provide on-site parking.
The property sits on a 2,178-square-foot lot at 59-15 Xenia Street. Four separate electric and gas meters support the multi-unit configuration, while public water and public sewer serve the property. Its location near public transportation adds an access feature for residents, and the driveway and garage provide on-site parking.
Key Highlights
- Three‑family property with 8 bedrooms, 3 full bathrooms, and 2 half bathrooms
- Approximately 3,160 sq ft of building area
- 2,178 sq ft lot with full basement and two balconies
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
$77,244
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
4.83%
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%
$1,544,880
$1.5M
Cap Rate 7%
$1,103,486
$1.1M
Cap Rate 9%
$858,267
$858.3K
Market Conditions
NOI Build-Up for 3,160 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
$146.0K $46.20/SF
− Vacancy
−$5.5K −$1.76/SF
EGI
$140.4K $44.44/SF
− OpEx
−$63.2K −$20.00/SF
NOI
$77.2K $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%
$1,544,880
Cap Rate 7%
$1,103,486
Cap Rate 9%
$858,267
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$965.6K – $1.29M
NOI $77,244 @ 7.0% cap · market cap 4.83%
Second Best
Multifamily LT 5
$747.2K
$653.8K – $871.7K
NOI $52,303 @ 7.0% cap · market cap 3.27%
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.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer separate utilities, basement space, balconies, and private parking.
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‑family property with 8 bedrooms, 3 full bathrooms, and 2 half bathrooms; Approximately 3,160 sq ft of building area; 2,178 sq ft lot with full basement and two balconies
