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5414 111th Street, Carona, New York, New York 11368

$4,080,000
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Property Details

Baths: 8 Neighborhood: Corona Tax Amount: $3095.00 MLS Number: 488177 Bldg Size: 38 x 47 Lot Size: 37 x 100 Lot SqFt: 3742

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

Location

5414 111th Street, Carona, New York, New York 11368