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5414 111th St

New York NY 11368

16
8
8652 sq. ft.
3742 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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

16 bedrooms
8 bathrooms
8652 sq. ft. floor area
3742 sq. ft. lot size
Multi-Family

Property history for 5414 111th St

2019
Sold
$3,480,000
07 May 2019

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Local market activity for 16 bedroom multi families in New York

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Sales:
(619) 566-0008
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