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5-Unit Brick Apartment Building
For Sale
$1,680,000

5337 97th Street, Corona, NY 11368

The vacant property has private parking and front and rear balconies on its third floor.

Property SizeContact for details
Days on Market83

Property Features for 5337 97th Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Quadruplex

Site & Location

Highway Access Yes
Utilities to Site Yes

Units

Unit Mix 1 x studio, 3 x 1BR, 1 x 3BR/2BA
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $32,892

Amenities

balconies

Building Details

Year Built 1985
Buildings 1
Stories 3
Construction brick
Listing Agency: RE/MAX 1st Choice
Listed By: Gina Back · License #309A0944498
Source: Serhant
Added: Jul 15 Changed: Oct 3 Last Checked: Oct 4 at 1:58PM

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 RE/MAX 1st Choice

Investment Insights

Based on property information with market context.

Built in 1985, this vacant, five-unit brick apartment building in Corona has a studio, three one-bedroom apartments, and a three-bedroom, two-bath apartment. The third floor includes front and rear balconies, and the property has two private parking spaces. Tenants pay their own utilities.

The property is on 97th Street in Corona, with access to I-495 and proximity to Queens Center Mall, restaurants, and schools.

Key Highlights

  • Five apartments: one studio, three one‑bedroom units, and one three‑bedroom, two‑bath unit
  • Brick construction; built in 1985
  • Two private parking spaces

Property Analytics

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Current Use

Apartment buildings

Suggested Use

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

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

5
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

4,667
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - The vacant property has private parking and front and rear balconies on its third floor.
Where is this apartment building located?
The property is located at 5337 97th Street Corona, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Five apartments: one studio, three one‑bedroom units, and one three‑bedroom, two‑bath unit; Brick construction; built in 1985; Two private parking spaces
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