For Sale

Listed by XueYan LI from Tiger Realty

Source: Brooklyn Board of REALTORS® #495771

5414 111th St, New York, NY, 11368

$3,950,000

16
8
8652 sq. ft.
3742 sq. ft.

MultiFam

30+ days on the market

What's around 5414 111th St

About this property

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!!!

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