$4,080,000

54-14 111th St Corona, NY 11368

Corona Neighborhood

Estimated payment $21,804/month

Total Views 2,314
16 Beds
8 Baths
8,652 Sq Ft
$472 Price per Sq Ft

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • Back Yard
  • Multiple cooling system units
  • Private Driveway
  • 3-minute walk to Flushing Meadows Corona Park

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!!!

Listing Agent

XueYan LI

Tiger Realty Listed on: 09/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,095

Year Built

  • Built in 2013

Lot Details

  • 3,742 Sq Ft Lot
  • Lot Dimensions are 100 x 37
  • Back Yard

Home Design

  • 8,652 Sq Ft Home
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Kitchen

  • Stove

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Private Driveway

Utilities

  • Multiple cooling system units
  • Hot Water Heating System
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Additional Features

  • Finished Basement

Listing and Financial Details

  • Tax Block 2010

Community Details

Overview

  • 8 Units
  • 5-Story Property

Building Details

  • Insurance Expense $4,399
  • Gross Income $231,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,095

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Borough: Queens
  • Building Length: 47.00
  • Building Width: 38.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 111 St
  • Handicap Access Y N U: No
  • Heat Delivery: Hot Water
  • Number Of Families: 8
  • Parking Attributes: 6+ Spaces
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 8652
  • Building Stories: 5
  • Street Name I D X: 111th
  • Year Built: 2013
  • Special Features: None
  • Stories: 5

Interior Features

  • Basement Full Bathrooms: 8
  • Total Bedrooms: 16
  • Flooring: Hardwood, Tile, Other
  • Lot Sq Ft: 3742

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 33
  • Roof: Flat

Utilities

  • Air Conditioning Units: 5+
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 37
  • Zoning: R6B

Multi Family

  • Annual Gross Expense: 13567.00
  • Annual Gross Income: 231000
  • Insurance Expense: 4399.00
  • Unit Count: 8

Tax Info

  • Flip Tax Amount: 3095.00

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

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2025 09/15/25 For Sale $4,080,000 -- $472 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 495771

Brooklyn Board of REALTORS®
New York Queens County Corona 11368 Corona

54-14 111th St, Corona, NY

For Sale

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Nearby Homes
XueYan LI
Listing Agent
XueYan LI
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Tiger Realty
(929) 673-3485