$3,150,000
$3M PRICE DROP

5014 111th St Corona, NY 11368

Corona Neighborhood

Estimated payment $17,052/month

3 Beds
4 Baths
1,092 Sq Ft
$2,885 Price per Sq Ft

About This Home

Great Development Opportunity:
• Address: 5008- 5014 111th Street, Corona, NY 11368
• Asking price: $6.25 million. Land Size: 10,000 sq. ft.
• Buildable Area (FAR 2.4): 24,000 sq. ft.
• Planned Units: 40 residential condos
• Parking: 20 spaces

This opens the door to a much larger and more impactful project in one of the most promising areas of Queens—a rare chance to invest in real estate positioned for strong returns and long-term value.

Zoned R6B, the planned development will deliver 24,000 sq. ft. of premium living space with parking, designed to meet the rising demand for quality housing in the Flushing/Corona market.

Construction is scheduled to begin in Q2 2025, with sales completion by 2027, allowing investors to capture the benefits of a booming market driven by population growth, strong rental demand, and unmatched proximity to cultural and recreational landmarks.

Directly across from Flushing Meadows–Corona Park, one of New York City’s most visited destinations with over 9 million annual visitors, this project offers both exceptional visibility and long-term desirability.

Strong demand. Prime location. Reliable returns.
This is more than a real estate project—it’s a landmark growth opportunity in the heart of New York.

Listing Agent

Daniel Kim

Cana Realty Brokerage Phone: 347-542-3105 License #10301223891 Listed on: 09/19/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,000

Year Built

  • Built in 1940

Interior Spaces

  • 1,092 Sq Ft Home
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Ps 7 Louis F Simeone Elementary School
  • Is 61 Leonardo Da Vinci Middle School
  • High School For Arts & Business

Additional Features

  • 5,000 Sq Ft Lot
  • No Cooling

Listing and Financial Details

  • Assessor Parcel Number 02006-0045

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,000

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Other
  • Property SubType: Single Family Residence
  • Year Built: 1940
  • Attribution Contact: 347-542-3105
  • Carport Y N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Other
  • Interior Amenities: Other
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Partial
  • Total Bedrooms: 3
  • Living Area: 1092
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Other
  • Pool Private: No
  • Waterfront: No
  • Foundation Details: Other

Garage/Parking

  • Garage: No

Utilities

  • Cooling: None
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle School: Is 61 Leonardo Da Vinci

Lot Info

  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Parcel Number: 02006-0045
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 5000
  • Tax Year: 2025

MLS Schools

  • Elementary School: Ps 7 Louis F Simeone
  • High School: High School For Arts & Business
  • Middle School District: Queens24

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,399 $44,326 $16,609 $27,717
2024 $8,399 $41,818 $14,713 $27,105
2023 $8,405 $41,386 $15,581 $25,805
2022 $7,647 $45,540 $19,020 $26,520
2021 $7,944 $40,680 $19,020 $21,660
2020 $7,523 $43,080 $19,020 $24,060
2019 $6,997 $43,620 $19,020 $24,600
2018 $6,733 $34,488 $13,236 $21,252
2017 $6,452 $33,120 $15,042 $18,078
2016 $6,213 $33,120 $15,042 $18,078
2015 $3,549 $30,782 $13,987 $16,795
2014 $3,549 $29,040 $15,840 $13,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2025 09/19/25 For Sale $6,250,000 -- $5,723 / Sq Ft
Source: OneKey® MLS

Purchase History

Date Type Sale Price Title Company
Deed $1,800,000 --
Deed $1,800,000 --
Deed -- --
Deed -- --
Source: Public Records

Source: OneKey® MLS

MLS Number: 914949

OneKey® MLS

APN: 02006-0045

New York Queens County Corona 11368 Corona

5014 111th St, Corona, NY

This home is located at 5014 111th St, Corona, NY 11368 and is currently priced at $3,150,000, approximately $2,884 per square foot. This property was built in 1940. 5014 111th St is a home located in Queens County with nearby schools including P.S. 14 - Fairview, Is 61 Leonardo Da Vinci, and John Bowne High School.

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Copyright 2025 OneKey® MLS. All rights reserved.

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Daniel Kim
Listing Agent
Daniel Kim
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Cana Realty
(929) 209-8529