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New Multifamily Building with PTAC
For Sale
Contact for pricing
Pending

56-12 Van Cleef St, Corona, NY 11368

Brand-new 6,000 SF building with seven one-bedroom apartments, each featuring PTAC heating and cooling and its own hot water tank.

Property Size6,000 SF
Days on Market121

Property Features for 56-12 Van Cleef St

General Information

Standard status Pending
Size 6,000 SF
Property subtype Multifamily

Additional Details

Multifamily Units 7

Amenities

tenant laundry

Building Details

Tenancy Multi
Listing Agency: Swain Realty Group
Listed By: Swain Weiner · License #10491203023
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 7 at 9:31AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Swain Realty Group

Investment Insights

Based on property information with market context.

The subject property is a brand-new 6,000 SF multifamily building consisting of seven vacant one-bedroom apartments. Each unit is equipped with its own hot water tank and PTAC heating/cooling units. Tenant laundry is provided on the first floor. A 421a tax abatement is approved.

The building is located on Van Cleef Street between Westside and Saultell Avenues in Corona. It is convenient to the E/M/R trains at the 63rd Drive–Rego Park station and the 7 train at the 111th Street Station, and it is one block from Flushing Meadows Corona Park.

Key Highlights

  • Brand‑new 6,000 SF multifamily building on Van Cleef Street in Corona
  • Seven vacant 1‑bedroom apartments with each unit having its own hot water tank
  • Each unit includes PTAC heating and cooling

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center HVAC Service Auto Parts Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,638
Businesses Nearby

Demographics for 11368, NY

117,110
Population
31,165
Households
3.8
Avg Household Size
34
Median Age
14%
College-Educated
65%
High-School Grad
2.6 sq mi
ZIP Area
45,042
Density / Sq Mi
$71,798
Median Household Income
$33,742
Median Earnings
$1,925
Median Rent
$751,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brand-new 6,000 SF building with seven one-bedroom apartments, each featuring PTAC heating and cooling and its own hot water tank.
Where is this apartment building located?
The property is located at 56-12 Van Cleef St Corona, NY.
What are key features of this property?
This property features: Brand‑new 6,000 SF multifamily building on Van Cleef Street in Corona; Seven vacant 1‑bedroom apartments with each unit having its own hot water tank; Each unit includes PTAC heating and cooling
More about this property
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