5414 111th Street, Carona, New York, New York 11368
$4,080,000Property Details
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!!!
Property Type Residential
Property Status: Active
Property Features Laundry Area Stove Terrace

Dalia Samouha
Real Estate Broker
Cell: 718.687.7576
Email: [email protected]
Instagram: @idealpropertiesrealty