Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    5622 Van Cleef Street Corona, NY 11368

    View on Map
    Claim this Listing
    For Sale
    $1,490,000

    MULTI_FAMILY - Corona, NY

    Lot size:
    0.06 Acres
    Added:
    Dec 10, 2025
    Days on Market:
    149
    Last Refresh:
    May 8 at 2:06 am

    Property Features for 5622 Van Cleef Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    3
    Rooms
    Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 1, Basement, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 8, Bedroom 7, Bathroom 2, Bedroom 4
    Interior features
    First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
    Basement
    Storage Space, Finished
    Standard status
    Active
    APN
    01967-0011
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5810

    Utilities

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

    Building Details

    Year built
    1930
    Number of units
    4
    Building materials
    Brick

    We can help!

    Listing Contact
    Hua Lin

    Listing agent Hua Lin License #10401361202

    Listing office E Realty International Corp 3907 Prince St Ste 4D, Flushing, NY

    Listing date Dec 10, 2025

    MLS# 943042 Listing URL

    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.

    HighLights

    • Rare legal 4‑family property in Corona.
    • Two separate buildings on one lot.
    • Zoned R6B with 5,000 buildable square feet, offering expansion/redevelopment potential.
    • Brick construction.
    • Includes multiple bedrooms and bathrooms.
    • Features eat‑in kitchens.

    Overview

    Legal Four-Family in Corona

    This legal four-family property is located in the heart of Corona and features two separate buildings on one lot. The property is zoned R6B and has a lot size of 0.0574 acres. With a 25*100 lot size and a FAR of 2.0, the property offers up to 5,000 buildable square feet, providing future expansion or redevelopment potential. Buyers should verify all possibilities with their architect.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Queens
    State
    New York
    Longitude
    -73.851958
    Latitude
    40.740265

    Nearby Similar for Sale

    • $5,000,000
      12,800 SF

      Two-Building Package in Corona, NY

      Two-building package with parking in high-demand Queens location.
      10219 44th Avenue, Corona, NY 11368
      View Details
    • $3,280,000

      Mixed-Use Building in Corona, NY

      Four-family property with commercial storefront in high-demand neighborhood.
      37-31 103rd Street, Corona, NY 11368
      View Details
    • $4,000,000
      18,520 SF

      Two-Building Package in Corona, NY

      Two-building package deal in high-demand Queens location.
      10211 44th Avenue, Corona, NY 11368
      View Details
    • $2,550,000

      Corona Multifamily Building Near 7 Train

      Well-maintained 6-family building near transportation, shopping, and amenities.
      38-11 111th Street, Corona, NY 11368
      View Details
    • $2,299,999

      Corona Multifamily Building For Sale

      Charming 4-unit building with modern renovations and convenient location.
      5528 98th Street, Corona, NY 11368
      View Details
    • $3,490,000

      Corona Multifamily Investment Opportunity

      Turnkey multifamily property with high cap rate in Corona.
      5626 & 5628 Van Cleef Street, Corona, NY 11368
      View Details
    • $1,699,000

      Updated Multifamily Investment Property

      Six-unit building near the 7 train and local amenities.
      108-64 45th Avenue, Corona, NY 11368
      View Details
    • $2,390,000

      Four-Story Brick Walk-Up Building

      Four-story building in Corona with stable income and high occupancy.
      38-19 99th Street, Corona, NY 11368
      View Details
    • $519,000

      Commercial Property in Corona, NY

      Income-producing business opportunity in a high-traffic commercial area.
      112-13 Roosevelt Avenue, Corona, NY 11368
      View Details
    • $2,850,000

      New Apartment Building in Corona

      New 7-unit apartment building near Flushing Meadows Corona Park.
      56-15 Van Cleef Street, Corona, NY 11368
      View Details
    • $1,249,000

      Corona Multifamily Investment Opportunity

      Legal 2-family with three units in Corona, Queens.
      35-28 103rd Street, Corona, NY 11368
      View Details
    • $2,880,000

      Corona Multifamily Building for Sale

      Multifamily property in Corona, Queens, available for purchase.
      112-42 38th Avenue, Corona, NY 11368
      View Details

    FAQs

    What type of property is this?
    Quadplex - Rare legal 4-family property with expansion potential in Corona.
    Where is this quadplex located?
    The property is located at 5622 Van Cleef Street Corona, NY.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: Rare legal 4‑family property in Corona.; Two separate buildings on one lot.; Zoned R6B with 5,000 buildable square feet, offering expansion/redevelopment potential.
    (917) 402-4544
    We can help!
    Listing Contact
    Hua Lin
    Real Estate License ID: 10401361202
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5622 Van Cleef Street, Corona, NY 11368
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!