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Turnkey Multifamily Investment Opportunity

5626 & 5628 Van Cleef Street, Corona, NY 11368

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For Sale

$3,190,000

MULTI_FAMILY - Corona, NY

Lot size:

0.06 Acres

HighLights

High 7.9% Cap Rate with a Net Operating Income (NOI) of $251,447.
Turnkey multifamily investment property consisting of two adjacent, meticulously maintained fireproof buildings built in 2007.
Features 14 residential units, including one free‑market 3‑bedroom, 2.5‑bath duplex that may be delivered vacant.
Units feature private balconies, in‑unit washer/dryer, en‑suite bathrooms (in select units), granite countertops, tiled flooring, and updated bathrooms.
Tenants responsible for heat, gas, and electricity due to separate metering.
Located in prime Corona location with proximity to public transportation, major roadways, and commercial corridors; fully occupied with strong tenant demand.

We can help!

Listing Contact

Xing Zheng

For Sale

$3,190,000

MULTI_FAMILY - Corona, NY

Lot size:

0.06 Acres

Added:: Mar 25, 2026
Days on Market:: 78
Last Refresh:: Jun 10 at 4:06 am

Property Features for 5626 & 5628 Van Cleef Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R6B
Rooms: Basement
Parking features: Open
Basement: Finished
Standard status: Active
APN: 01967-0012
Lot size: 0.06 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 6900

Utilities

Utilities: Cable Available
Sewer type: Public Sewer
Heating system: Hot Water(Heating)
Cooling system: Wall/Window Unit(s), Window Unit(s)
Water source: Public

Building Details

Year built: 2007
Floors in Building: 4
Number of units: 14
Building materials: Brick

We can help!

Listing Contact

Xing Zheng

Listing agent Xing Zheng License #10401395641

Listing office Lin Pan Realty Group LLC 5 Bond St Suite #201, Great Neck, NY

Listing date Mar 25, 2026

MLS# 976317

HighLights

High 7.9% Cap Rate with a Net Operating Income (NOI) of $251,447.
Turnkey multifamily investment property consisting of two adjacent, meticulously maintained fireproof buildings built in 2007.
Features 14 residential units, including one free‑market 3‑bedroom, 2.5‑bath duplex that may be delivered vacant.
Units feature private balconies, in‑unit washer/dryer, en‑suite bathrooms (in select units), granite countertops, tiled flooring, and updated bathrooms.
Tenants responsible for heat, gas, and electricity due to separate metering.
Located in prime Corona location with proximity to public transportation, major roadways, and commercial corridors; fully occupied with strong tenant demand.

Overview

This turnkey multifamily investment opportunity is located in Corona, NY. The property consists of two adjacent fireproof buildings constructed in 2007, comprising a total of 14 residential units. One unit is a free-market 3-bedroom, 2.5-bath duplex that may be delivered vacant, featuring private balconies, in-unit washer/dryer, and an en-suite bathroom. The remaining units are rent-stabilized and include granite countertops, tiled flooring, and updated bathrooms. The buildings are equipped with sprinkler systems, rubber roofing, a finished basement, and access to outdoor space. The units are separately metered, with tenants responsible for heat, gas, and electricity. The property is located within an R6B zoning district and is near public transportation, major roadways, and commercial corridors. The property is fully occupied with strong tenant demand. The lot size is 0.0617 acres.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Corona
County: Queens
State: New York
Longitude: -73.852302
Latitude: 40.740541

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For sale
Apartment buildings
NY
Corona
11368
5626 & 5628 Van Cleef Street

What type of property is this?

Apartment building - Rare investment property in Corona with high cap rate.

Where is this apartment building located?

The property is located at 5626 & 5628 Van Cleef Street Corona, NY.

What is the asking price?

The asking price for this property is $3,190,000.

What are key features of this property?

This property features: High 7.9% Cap Rate with a Net Operating Income (NOI) of $251,447.; Turnkey multifamily investment property consisting of two adjacent, meticulously maintained fireproof buildings built in 2007.; Features 14 residential units, including one free‑market 3‑bedroom, 2.5‑bath duplex that may be delivered vacant.

5626 & 5628 Van Cleef Street, Corona, NY 11368

MULTI_FAMILY - Corona, NY

Property Features for 5626 & 5628 Van Cleef Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Two-Building Package in Corona, NY

Corona Multifamily Building Near 7 Train

Corona Multifamily Building For Sale

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Modern Three-Family House in Corona

Modern Mixed-Use Building, Corona

Vacant Multifamily Property in Corona

Six-Unit Multifamily Investment Opportunity

Corona Income-Producing Mixed-Use Property

Spacious Two-Family Home in Corona

Mixed-Use Building in Corona, NY

Legal Four Family Residence

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