5626 & 5628 Van Cleef Street, Corona, NY 11368

• 11,920 sqft

Property Description

RARE TURNKEY MULTIFAMILY INVESTMENT IN PRIME CORONA! Outstanding 7.2% 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.

Listing Status:

Active

Data Last Updated:

May 11, 2026 at 2:22AM

Listing Office:

Lin Pan Realty Group LLC : 917-902-3898

MLS ID:

976317

Interior

• Basement: Finished
• A/C: Wall/Window Unit(s)
• Heating: Hot Water

Exterior

• Parking: Open

Location

• Originating MLS: onekey2
• School District: Queens 25
• County: Queens

Lot

• Zoning: R6B01967-0012

Utilities

• Utilities: Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2