Description
5414 111th Street,
Corona,
NY
11368
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!!!
This is an Active listing.
Broker Office Phone Number: 718-838-2600
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Listing By: Exit Realty Professionals via Data Source: Brooklyn New York Multiple Listing Service
Price History
| date | price | variance | type |
|---|
| 12/20/2024 | $4,080,000 | - | Listed |
listing agent: XueYan (Maggie) LI
