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5626 & 5628 Van Cleef Street, Corona, NY 11368

$3,190,000

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BEDS0 BATHS MLS#976317

STATUSActive PROPERTY TYPECommercial - SCHOOLQueens 25

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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.

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.laffey.com today.

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: 51

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

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55 Northern Blvd
Greenvale, NY 11548

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5626 & 5628 Van Cleef Street, Corona, NY 11368

Property Description

5626 & 5628 Van Cleef Street | MLS# 976317

Property Features

Feature Descriptions

Local Schools

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5626 & 5628 Van Cleef Street, Corona, NY 11368

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