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

5337 97th Street, Corona, NY 11368

Commercial Sale, Corona, NY

Property SizeContact for details
Lot Size0.05 Acres
Days on Market48

Property Features for 5337 97th Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R6B
Rooms Basement
Parking 2
Parking features Driveway
Basement Finished, Full
Elementary school district Contact Agent
Middle school district Contact Agent
High school district Contact Agent
Directions 53 Ave And 97 St
Standard status Active
APN 01897-0011
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 32892

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Window Unit(s), Wall/Window Unit(s)
Water source Public

Amenities

balconies

Building Details

Year built 1985
Number of units 5
Building materials Brick
Listing Agency: RE/MAX 1st Choice · RE/MAX International
Listed By: Gina Back · License #309A0944498
Added: Jul 14 Changed: Aug 20 Last Checked: Aug 30 at 12:06PM
MLS# 1025895

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 renovated brick apartment building contains five residential units in a varied layout. The first floor includes a studio and a one-bedroom apartment, while the second floor offers a three-bedroom, two-bath apartment. Two additional one-bedroom apartments occupy the third floor. Front and rear balconies serve the third-floor units, and the property includes two driveway parking spaces. The building was constructed in 1985 and uses natural-gas heat, window or wall/window cooling units, public water, and public sewer.

The property is located at 5337 97th Street in Corona, Queens, with access to I-495 and proximity to Queens Center Mall, restaurants, and schools. R6B zoning applies. The building is currently vacant, and the stated utility arrangement places tenant utility responsibility with occupants.

Key Highlights

  • Renovated 5‑family brick apartment building constructed in 1985
  • Five‑unit layout: studio, three 1‑bedroom apartments, and one 3‑bedroom, 2‑bath apartment
  • Currently vacant

Property Analytics

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

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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Vacant multifamily property with five apartments and third-floor balconies.
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: Renovated 5‑family brick apartment building constructed in 1985; Five‑unit layout: studio, three 1‑bedroom apartments, and one 3‑bedroom, 2‑bath apartment; Currently vacant
More about this property
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