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Four-Unit Walk-Up Brick Apartment Building
For Sale
$2,050,000

5528 98th Street, Corona, NY 11368

MULTI_FAMILY - Corona, NY

Property SizeContact for details
Lot Size0.05 Acres
Days on Market131

Property Features for 5528 98th Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R6B
Rooms Basement
Parking 2
Parking features Driveway
Security features Security System
Basement Walk-Out Access, Full, Finished
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 Varies by Unit, Window Unit(s), Wall/Window Unit(s)
Water source Public

Amenities

surveillance cameras
alarm system
2 balconies
fenced backyard
storage shed
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: Aug 1 Last Checked: Aug 9 at 8:06PM
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 four-unit walk-up brick apartment building features one- and two-bedroom units (1-1 bedroom and 2-2 bedroom), with no elevator. The property includes a sprinkler system from the basement to the third floor, surveillance cameras and an alarm system, and baseboard heating with cooling that varies by unit via window/wall units. Each unit has its own separate boiler.

Construction and updates are underway and included throughout the building, with basement renovation underway and new rear stairs plus steel doors, frames, and steel railings for garbage cans. The first, second, and third floors are described as brand new apartments with modern appliances, while kitchen space in 1R includes a partial renovation with a new countertop and fridge. Laundry and storage elements include a basement with rooms noted, plus a fenced backyard with a storage shed.

Outside, the property provides two private parking spaces available for rent and two balconies. The building sits on a lot size of 0.0459 acres and is zoned R6B. Utilities include public water and public sewer, with cable available. Built in 1987.

Key Highlights

  • Four‑unit walk‑up with no elevator
  • Sprinkler system from basement to third floor plus security cameras and alarm
  • Basement renovation underway and new rear stairs with steel doors, frames, and railings

Property Analytics

Current Use

Quadplexes

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

Multi-tenant
Tenancy
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

5,204
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?
Quadplex - Four-unit walk-up with separate boilers, sprinkler system, and multiple balconies on a small Queens lot.
Where is this quadplex 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: Four‑unit walk‑up with no elevator; Sprinkler system from basement to third floor plus security cameras and alarm; Basement renovation underway and new rear stairs with steel doors, frames, and railings
More about this property
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