5414 111th ST Active Save Request In-Person Tour Request Virtual Tour
Carona,NY 11368
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,652 sqft
Price per Sqft $471
MLS Listing ID 488177
Style High Ranch
Full Baths 8
Year Built 2013
Annual Tax Amount $3,095
Property 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. Can't miss the golden opportunity to own this money maker!!!
Location
State NY
County Queens
Area Corona
Zoning R6B
Rooms
Basement None
Interior
Hot Water Gas
Heating Gas
Flooring Other
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available Laundry – Card Operated
Roof Type Flat
Handicap Access Unknown
Building
Story 5
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash