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!!!
Property Details
Property Features
Property Information:
Architectural Style: High Ranch
Year Built: 2013
Stories: 5
Living Area: 8,652 SqFt
Listing Office:
Office Name: Exit Realty Professionals
Interior Features
Interior Information:
Appliances: Stove
Basement: No
Flooring Type: Other
Fireplace: Stove
Bedroom and Bathroom Information:
Full Bathrooms: 8
Exterior Features
Exterior Information:
Exterior: Terrace
Parking Information:
Parking: 6+ Spaces, Private Drive
Utilities
Utilities Information:
Heating: Other, Natural Gas
Price Information
Listing Price Info
Price Summary:
List Price: $4,080,000
Price Per SqFt: $472/SqFt
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Housing Market Comparison
See how this home compares to others in New York, NY.
This property is $3.2M more than the Median Sold Price and $196/SqFt less than other homes in New York, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #488177
Listing Office:
Office Name: Exit Realty Professionals
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This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 12/21/2024, 8:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
P.S. 14 Fairview School
10701 Otis Ave
Distance between this listing and this school0.19 miles
Public District Grades KG-5
4
/10
P.S. 220 Edward Mandel School
6210 108th St
Distance between this listing and this school0.40 miles
Public District Grades KG-5
4
/10
Elm Tree Elementary School
5051 98th St
Distance between this listing and this school0.64 miles
Public District Grades PK-5
Nearby Schools
4
/10
I.S. 61 Leonardo Da Vinci
9850 50th Ave
Distance between this listing and this school0.60 miles
Public District Grades 6-8
5
/10
Corona Arts and Sciences Academy
9811 44th Ave
Distance between this listing and this school0.77 miles
Public District Grades 6-8
7
/10
Central Queens Academy Charter School
5530 Junction Blvd
Distance between this listing and this school0.86 miles
Public Charter Grades 5-8
Nearby Schools
6
/10
High School for Arts and Business
10525 Horace Harding Expy
Distance between this listing and this school0.34 miles
Public District Grades 9-12
8
/10
J.H.S. 157 Stephen A. Halsey
6355 102nd St
Distance between this listing and this school0.70 miles
Public District Grades 6-9
5
/10
Forest Hills High School
6701 110th St
Distance between this listing and this school0.92 miles
The neighbors living near this home have an average income of $51,373. Residents of New York, NY typically earn between $35k-100k each year. Most families are married, with kids. The most common level of education of people living in this area is high school diploma.
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This home is located at 5414 111th St in Carona, NY and zip code 11368 in the Northwestern Queens neighborhood. This 8,652 square foot home was built in 2013. Features: 8 bathrooms. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $4,080,000.
While more than 220 listings in New York, NY in November 2024 were sold above asking price, there were more than 769 listings sold at asking price, and more than 758 were sold below. Between October 2024 and November 2024, New York, NY real estate market has seen decrease in the number of listings by 7.2%. The median list price of listings available in November 2024 was $850,115, while the average time on the real estate market was 85 days.
From Rocket Homes Real Estate and based on county public records data.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
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