5414 111th Street

South Corona

$4,080,000
Price
Beds
8
Baths
8,652 Sq. Ft.
$472 / Sq. Ft.
8,652
Sq. Ft.
$472
per Sq. Ft.

Description

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....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!
  1. Listed by XueYan (Maggie) LI • Exit Realty Professionals • 6+ Spaces
  2. Listed by Jian Yang (Carey) • Exit Realty Professionals

Amenities

  • Balcony
  • Laundry in Building
  • Driveway
  • Garage
  • Parking Included
  • Private Outdoor Space
  • Detached Garage
LISTING UPDATED: 12/20/2024 11:47 AM

Property Details for 5414 111th Street

StatusActive
MLS ID488177
Days on Market4
Taxes$3,095 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMulti Family
MLS TypeResidential
Year Built2013
Lot Size3,742 SF
CountyQueens County

Building Information for 5414 111th Street

Stories5Residences-Year Built2013Building Size-Lot Size3,742 SFBuilding Age-Building Type-

Property Information for 5414 111th Street

Summary
Location and General Information
  • Block: 2010
  • Cross Street Name: 55th Ave.
  • Cross Street Name: 54th Ave.
  • Zoning: R6B
  • Roof: Flat
  • Water Front Present YN: No
  • Residential Features: Laundry Area, Stove, Terrace
Parking
  • Parking Attributes: 6+ Spaces
  • Parking Feature Single: Private Drive
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 3095.0
  • Gross Expense: 13567.3
  • Gross Income: $231,000.00
  • Cap Rate: .05%
Property
Lot Information
  • Sq Ft Total: 8652
  • Yard: Front
  • Lot Number: 33
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 37
Utilities
  • Heat Delivery: Other
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: None
  • Baths Three Quarter: 0.0
  • Baths Total Level 1: 2
  • Baths Total Level: 2
  • Foundation Details: Poured Concrete
  • Flooring: Other
  • Unit Count: 7
  • Building Amenities: Laundry – Card Operated
  • Style: High Ranch
  • Construction Materials: Block
  • Electric: 110 V, Circuit Breakers
  • Baths Total Level: 2
  • Baths Total Level: 2
  • Beds Total Level: 4
  • Beds Total Level: 4
  • Beds Total Level: 4
  • Beds Total Level: 4
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: Unknown
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1786.0
  • Building Length: 47.0
  • Building Type: Detached
  • Building Width: 38.0
  • Rooms Total Level 1: 8
  • Rooms Total Level 2: 8
  • Rooms Total Level: 8
  • Rooms Total Level: 8
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 2300.0
  • Unit Features: Oven/Range, RE Taxes, Water Included
  • Unit Floor: 2A
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 2250.0
  • Unit Features: Oven/Range,RE Taxes,Water Included
  • Unit Floor: 2B
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 2300.0
  • Unit Features: Oven/Range,RE Taxes,Washer
  • Unit Floor: 3A
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 2300.0
  • Unit Features: Oven/Range,RE Taxes,Water Included
  • Unit Floor: 3B
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 2300.0
  • Unit Features: Oven/Range,RE Taxes,Washer
  • Unit Floor: 4A
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 2350.0
  • Unit Features: Oven/Range,RE Taxes,Water Included
  • Unit Floor: 5A
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 7
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 2450.0
  • Unit Features: Oven/Range,RE Taxes,Washer
  • Unit Floor: 5B
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Agent
Agent Information
  • Net Operating Income: 217432.7
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 4399.3
  • Owner Occupied: Yes
  • Rent Income: 231000.0

Property History for 5414 111th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5414 111th Street

This home is within New York City Geographic District #24.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 14 Fairview
PublicK to 5

Is 61 Leonardo Da Vinci
Public6 to 8

John Bowne High School
Public9 to 12

High School for Arts and Business
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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5414 111th Street is a multi-family home for sale in South Corona. This property was listed for sale on December 19, 2024 by Exit Realty Professionals, it's currently listed at $4,080,000. This listing's school district is New York City Geographic District #24. Nearby schools include P.S. 14 Fairview, Is 61 Leonardo Da Vinci and John Bowne High School. 5414 111th Street is a 0-bed, 8-bath, 8,652 sqft multi-family home built in 2013.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Exit Realty Professionals

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