4512 111th St - Apartments FOR SALE


Corona, NY 11368
$1,699,000 USD
718-415-4043
4512 111th St, Corona, NY for Sale
$1,699,000 USD
Apartments - FOR SALE
1/8
null | 8.57% Cap Rate

4512 111th St
Corona, NY 11368


HIGHLIGHTS

  • 8.57% Cap Rate | NOI: $145,679 | GRM: 10.66
  • Adjacent 7-Family Building 45-10 Also Available for Package Purchase
  • 25-Year 421-a Tax Exemption Through 2030
  • Well-Maintained 7-Family Brick Apartment Building Built in 2004
  • Prime Corona Location Near #7 Subway, Q23 Bus, Shopping & Major Highways

OVERVIEW

Excellent 7-Family Investment Opportunity Solid brick semi-attached 7-family apartment building in the heart of Corona. Built in 2004 and well maintained, the property features six 1-bedroom/1-bath apartments and one spacious 3-bedroom/2-bath apartment with a private balcony. The building is rent-stabilized and benefits from a 25-year 421-a tax exemption through 2030. The adjacent property at 45-10 111th Street is also available, providing a rare opportunity to purchase one building or both as a package to expand your investment portfolio. Conveniently located near the Q23 bus, 111 Street #7 subway station, shopping, supermarkets, restaurants, schools, parks, and major highways. All information, including but not limited to property condition, income, expenses, rent roll, 421-a tax benefits, regulatory status, and future rental potential, is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own independent due diligence and verify all information.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$340 USD /SF

# OF UNITS

7

PRICE/UNIT

$242,714

CAP RATE

8.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2002

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,728 SF

ZONING

R6B

APN/PARCEL ID

02001-0043

ASK ABOUT THIS PROPERTY

Millie HongEast Coast New York, IncMore Info
718-415-4043

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Millie HongEast Coast New York, IncMore Info
718-415-4043

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.