5414 111th St, Flushing, NY, 11368
16beds
8baths
8,652sqft
$3,950,000
$457price/sqft
$24,987/moest. monthly cost
$999,480/yrincome needed
About This Home
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!!!
Getting Around
74
Very Walkable0
Very Limited Transit71
Very BikeableSchools
4/10
4/10
7/10
Construction
Condition
- Year built: 2013
Materials
- Foundation: Concrete Perimeter
- Roof: Flat
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Stove,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Finished
Bedrooms & Bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Features
- Flooring: Hardwood,Tile,Other
Heating
- Heating features: Natural Gas,Hot Water
Interior Area
- Total structure area: 8,652
- Total interior livable area: 8,652 sqft
Property
Details
- Zoning: R6B
- Special condition: Arm's Length
- Foundation area: 1786
Features
- Stories: 5
Lot
- Lot size: 3,742 sqft
- Features: Back Yard
- Lot size dimensions: 37x100
Parking
- Total spaces: 6
- Parking features: Private Drive,6+ Spaces
- Has uncovered spaces: Yes