Corona Multifamily Investment
5626 & 5628 Van Cleef Street, Corona, NY 11368
- Added:
- Mar 25, 2026
- Days on Market:
- 50
- Last Refresh:
- May 13 at 5:06 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
Listing agent Xing Zheng License #10401395641 (917) 902-3898
Listing office Lin Pan Realty Group LLC 5 Bond St Suite #201, Great Neck, NY (516) 693-9888
Listing date Mar 25, 2026
MLS# 976317
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
- High 7.2% Cap Rate and $251,447 Net Operating Income (NOI) indicate strong investment potential.
- Turnkey multifamily property built in 2007, consisting of two meticulously maintained fireproof buildings.
- Includes a free‑market 3‑bedroom, 2.5‑bath duplex (potentially vacant) with private balconies, in‑unit washer/dryer, and en‑suite bathroom.
- 14 total residential units, with remaining units rent‑stabilized and featuring granite countertops, tiled flooring, and updated bathrooms.
- Separately metered units (tenants pay for heat, gas, and electricity) and equipped with sprinkler systems and rubber roofing.
- Prime Corona location with proximity to public transportation, major roadways, and commercial corridors, ensuring strong tenant demand.
Overview
This multifamily investment property is located in Corona, New York. 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 and includes private balconies, in-unit washer/dryer, and an en-suite bathroom. The remaining units are rent-stabilized and feature 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 lot size is 0.0617 acres. The property is fully occupied with strong tenant demand.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Corona
- County
- Queens
- State
- New York
- Longitude
- -73.852302
- Latitude
- 40.740541
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turnkey multifamily property with high cap rate in Corona.
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 $3,490,000.
What are key features of this property?
This property features: High 7.2% Cap Rate and $251,447 Net Operating Income (NOI) indicate strong investment potential.; Turnkey multifamily property built in 2007, consisting of two meticulously maintained fireproof buildings.; Includes a free‑market 3‑bedroom, 2.5‑bath duplex (potentially vacant) with private balconies, in‑unit washer/dryer, and en‑suite bathroom.
