54-14 111th Street, Corona, New York 11368
- $3,950,000
- 16
- BD
- 8,652
- SqFt
- List Price
- $3,950,000
- Price Change
- ▼ $130,000 1765510051
- Status
- ACTIVE
- MLS#
- 495771
- Bedrooms
- 16
- Full-baths
- 8
- Sq. Ft
- 8,652
- Year Built
- 2013
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!!!
Additional Information
- Stories
- 5
- Lot Size
- 3,742
- Flooring
- Hardwood, Tile, Other
- Basement
- Finished
- Heating
- Gas
Mortgage Calculator
Listing courtesy of Tiger Realty.