Dennis Barr - John J Lease Realtors Logo
$3,190,000
( $267.62Per Sq Foot )
 $17,125 est/mo Sourced by Back At You

5626 & 5628 Van Cleef Street,Corona, NY 11368

Corona, NY 11368

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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.

Details

MLS #976317
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusPending
Year2007
Days On Site157
Listing Provided ByLin Pan Realty Group LLC | Xing Zheng

Features

SQ Feet11,920
BasementY
Story(s)4
Units14
Building(s)2
ZoningR6B
Acreage0.06

Interior

CoolingWall/Window Unit(s)
HeatingHot Water

Exterior

Construction MaterialsBrick

Parking

Parking FeaturesOpen

Utilities

UtilitiesCable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available
SewerPublic Sewer

Taxes

Tax Year2025
Tax Annual Amount6900

Area Information

StateNY
CountyQueens
CityCorona
Zip Code11368
School DistrictJohn Bowne High School
Elementary SchoolPs 14 Fairview
High SchoolJohn Bowne High School
Listing VS Median (in 11368)
Price:
$3,190,000
low | high
Med:
$999,450
100% of Average
sqft:
11,920
low | high
Med:
3,139
100% of Average
$ / sqft:
$268
low | high
Med:
$367
12.962908897458% of Average
On site:
157
low | high
Med:
135
100% of Average
Sourced by Back At You

Market Activity 11368

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Learn More About This Property

Dennis Barr

Dennis Barr

John J Lease REALTORS

 (845) 527-5125dennybarr@johnjleaserealtors.com
StateNY
CountyQueens
CityCorona
Zip Code11368
School DistrictJohn Bowne High School
Elementary SchoolPs 14 Fairview
High SchoolJohn Bowne High School
Listing VS Median (in 11368)
Price:
$3,190,000
low | high
Med:
$999,450
100% of Average
sqft:
11,920
low | high
Med:
3,139
100% of Average
$ / sqft:
$268
low | high
Med:
$367
12.962908897458% of Average
On site:
157
low | high
Med:
135
100% of Average
Sourced by Back At You
Listing Updated: July 21, 2026 at 2:09:53 AM PDT

Dennis Barr - John J Lease Realtors