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Executive Summary
ATTENTION INVESTORS, DEVELOPERS & OWNER-USERS!!! Rare opportunity to acquire a 100% occupied, brand-new 7-unit apartment building in the heart of Flushing/Corona! Completed in 2022, this turnkey asset offers prime visibility, excellent signage, and a robust R6B zoning foundation. The building features (1) spacious 2-bedroom unit, (6) modern 1-bedroom units, and a functional basement office. Built to the highest standards, the property boasts 9’ high ceilings, a comprehensive security camera system, a large rear yard, and 6 dedicated parking spaces with a strategically placed curb cut. Technical upgrades include all-new LED lighting, full sprinkler system, 3-phase power, central A/C, and separate meters for all units. Situated just off the Grand Central Parkway and I-495, you are minutes away from Citi Field, Flushing Meadows Corona Park, the Queens Zoo, and the Queens Museum. Join a thriving commercial corridor with elite neighbors including Nike, Home Depot, Target, Costco, Macy’s, Aldi, and Olive Garden. This property offers massive upside potential—whether as a high-yield investment, a future development site, or the new headquarters for your business.
Property Facts
| Price | $3,936,420 CAD | Building Class | B |
| Price Per Unit | $562,346 CAD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 5,130 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Mid-Rise |
| Price | $3,936,420 CAD |
| Price Per Unit | $562,346 CAD |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 5,130 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2022 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 700 |
| 2+2 | 1 | - | 800 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01968-0073 | Improvements Assessment | $394,540 CAD |
| Land Assessment | $162,135 CAD | Total Assessment | $556,675 CAD |
Property Taxes
Parcel Number
01968-0073
Land Assessment
$162,135 CAD
Improvements Assessment
$394,540 CAD
Total Assessment
$556,675 CAD
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5615 Van Cleef St
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