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Renovated Multifamily Walk-Up
For Sale
$2,050,000

5528 98th Street, Corona, NY 11368

Commercial Sale, Corona, NY

Property SizeContact for details
Lot Size0.05 Acres
Days on Market157

Property Features for 5528 98th Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R6B
Rooms Basement
Parking 2
Parking features Driveway
Security features Security System
Basement Walk-Out Access, Finished, Full
Appliances Gas Oven, Gas Range, Refrigerator
Elementary school Ps 14 Fairview
Middle school Is 61 Leonardo Da Vinci
High school Contact Agent
Elementary school district Queens 24
Middle school district Queens24
High school district Contact Agent
Directions Google Maps
Standard status Active
APN 01906-0042
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 19750

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Baseboard
Cooling system Wall/Window Unit(s), Varies by Unit, Window Unit(s)
Water source Public

Amenities

surveillance cameras
alarm system
balconies
fenced backyard
storage shed
separate boiler for each unit
new rear stairs
steel doors and frames
steel railings for garbage cans

Building Details

Year built 1987
Floors in Building 3
Number of units 6
Flooring type Hardwood
Building materials Brick
Listing Agency: Douglas Elliman Real Estate
Listed By: Lily Widjaja · License #10401272235
Added: Apr 1 Changed: Sep 2 Last Checked: Sep 4 at 8:06AM
MLS# 978915

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 multifamily walk-up, built in 1987, is situated on 0.0459 acres and includes renovated apartment interiors on the first, second, and third floors. Modern appliances include gas ovens, gas ranges, and refrigerators, while hardwood flooring and baseboard heating are provided. The property has no elevator, and a basement renovation is underway. A sprinkler system extends from the basement through the third floor, with separate boilers serving each unit.

Additional improvements include steel doors and frames, steel railings for garbage cans, rear stairs, surveillance cameras, and an alarm system. Exterior features include two balconies, a fenced backyard, a storage shed, and a driveway with two private parking spaces available for rent. Heat and gas are separately metered and paid by tenants. The property is served by public water and public sewer and is zoned R6B.

Key Highlights

  • Renovated apartment interiors on the 1st, 2nd, and 3rd floors
  • 0.0459‑acre brick multifamily property built in 1987
  • Sprinkler system extends from the basement through the 3rd floor

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Hotel & Motel Auto Parts Store Gym & Fitness Center Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Sprinkler system
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

4,205
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated apartment property with modern appliances, separate utility metering, security systems, and outdoor amenities.
Where is this apartment building located?
The property is located at 5528 98th Street Corona, NY.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Renovated apartment interiors on the 1st, 2nd, and 3rd floors; 0.0459‑acre brick multifamily property built in 1987; Sprinkler system extends from the basement through the 3rd floor
More about this property
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