About 54-14 111th
Rare find new construction eight units in Corona Queens NYC. The solid building features two apartment which 4 room/2 bedrooms each unit, every unit has a private balcony, separate boilers and water heaters. Every unit has a one year lease. Private driveway with four car detached garage which has been rented for $600 monthly plus one carport for $100 monthly. Gross yearly income $231,000, nets $217,433 yearly, competitive cap closes to 5.5%, property tax abatement will good for the next twelve years. Can't miss the golden opportunity to own this money maker!!!
Features of 54-14 111th
| MLS® # | 495771 |
|---|---|
| Price | $3,950,000 |
| Bedrooms | 16 |
| Bathrooms | 0.00 |
| Full Baths | 8 |
| Square Footage | 8,652 |
| Year Built | 2013 |
| Type | Multi-Family |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 54-14 111th |
|---|---|
| Area | Corona |
| City | Corona |
| County | Queens |
| State | New York |
| Zip Code | 11368 |
Amenities
| Amenities | NONE |
|---|---|
| Features | Refrigerator, Stove |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Other, Tile |
|---|---|
| Appliances | Refrigerator, Stove |
| Heating | Hot Water |
| Fireplace | No |
| # of Stories | 5 |
| Has Basement | Yes |
| Basement | Finished |
Exterior
| Exterior | Brick |
|---|---|
| Roof | Flat |
| Construction | Brick |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | September 15th, 2025 |
|---|---|
| Days on Market | 333 |
| Zoning | R6B |
| Tax | $3,095 |