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!!!
For sale
$4,080,000
5414 111th St, Flushing, NY 11368
16beds
8,652sqft
Multi Family
Built in 2013
-- sqft lot
$3,877,500 Zestimate®
$472/sqft
$-- HOA
What's special
Four car detached garagePrivate drivewayPrivate balconySolid building
- 247 days
- on Zillow |
- 189 |
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