MLS#976317
STATUSActive
PROPERTY TYPECommercial -
SCHOOLQueens 25
Property Description
RARE TURNKEY MULTIFAMILY INVESTMENT IN PRIME CORONA! Outstanding 7.9% Cap Rate with a Net Operating Income (NOI) of $251,447. This exceptional property consists of two meticulously maintained, adjacent fireproof buildings built in 2007, offering a total of 14 residential units. One unit is configured as a free-market 3-bedroom, 2.5-bath duplex and may be delivered vacant. Features include private balconies, in-unit washer/dryer, and en-suite bathroom. Remaining units are rent-stabilized and include granite countertops, tiled flooring, and updated bathrooms. Buildings are equipped with sprinkler systems, rubber roofing, finished basement and access to outdoor space. Units are separately metered, with tenants responsible for heat, gas, and electricity. Located within an R6B zoning district with proximity to public transportation, major roadways, and commercial corridors, fully occupied with strong tenant demand.
Property Features
Property Type: Commercial -
Basement: Finished
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Hot Water
Lot Size: 0.12 Acres
Stories: 4.0
Taxes: $6,900
Year Built: 2007
Feature Descriptions
Building Area Total: 11920
Days on Site: 52
Exterior: Brick
Fuel Expense: 1936
On Market Date: 2026-04-02
Other Expense: 3485
Parcel Number: 01967-0012
Parking Features: Open
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 14
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available
Water: Public
Local Schools
High School: John Bowne High School
Middle School: Is 61 Leonardo Da Vinci
Elementary School: Ps 14 Fairview
School District: Queens 25
Listed By / Shown By
Listing By
Agency Name: Lin Pan Realty Group LLC
Agency Contact: 917-902-3898
Shown By
Agency Title: Coldwell Banker American Homes
Agency Phone: 866-831-4443
5626 & 5628 Van Cleef Street | MLS# 976317
This commercial property located at 5626 & 5628 Van Cleef Street, Corona, NY 11368 is currently listed for sale with an asking price of $3,190,000. & 5628 Van Cleef Street is located within the Queens 25 school district. Search Corona real estate on www.cbamhomes.com today.