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PURCHASE A FULLY SOON TO BE DELIVERED VACANT 4350 SQ. FT. SHAREABLE BY A LARGE EXTENDED FAMILY ASKING PRICE: $1,695,000 (NEGOTIABLE) 41-08 111th St Corona, NY 11368

4108 111th St, Corona, NY 11368

$1,695,000 After Repair Value -
$1,695,000 Asking Price -
$0 Cost of Repairs =
$0 Potential Profit

Property Details

Asking Price $1,695,000

After Repair Value $1,695,000

Costs of Repairs $0

Potential Profit $0

Living Area 4350 ft2

Property Type Multi-Family

Bedrooms +6

Bathrooms +6

Half Bathrooms N/A

Parking 0

Listed with Agent 1

Property Description

FULLY SOON TO BE VACANT 4,350 SQ. FT. PROPERTY PERFECT FOR EXTENDED FAMILY – ASKING $1,695,000 (NEGOTIABLE) – 41-08 111th ST, CORONA, NY 11368 6-FAMILY BUILDING – PERFECT FOR OWNER-OCCUPANTS OR MULTI-GENERATIONAL FAMILY USE. EASILY CONVERTIBLE INTO A 3-FAMILY HOME OR CUSTOMIZED TO YOUR SPECIFIC NEEDS. WHY RENT WHEN MORTGAGE INTEREST AND DEPRECIATION OFFER SIGNIFICANT TAX BENEFITS? THIS HIGHLY FLEXIBLE PROPERTY ALSO PRESENTS AN EXCELLENT OPPORTUNITY FOR CONVERSION INTO CONDOMINIUM UNITS OR A SPACIOUS SINGLE-FAMILY HOME. THE BUILDING WILL SOON BE ENTIRELY VACANT, WITH 3 UNITS CURRENTLY AVAILABLE AND THE REMAINING 2–3 UNITS TO BE VACATED UPON SALE COMPLETION. THIS GRACEFUL THREE-STORY BUILDING, SITUATED IN CORONA, QUEENS, NY, FEATURES A TOTAL OF 6 RESIDENTIAL UNITS. FOUR APARTMENTS ON THE SECOND AND THIRD FLOORS EACH OFFER 2 BEDROOMS, WHILE THE TWO APARTMENTS ON THE GROUND FLOOR HAVE 1 BEDROOM EACH, WITH THE POTENTIAL TO BE CONVERTED INTO 2 BEDROOMS. IN TOTAL, THE BUILDING INCLUDES 10 BEDROOMS AND 6 BATHROOMS. CONVENIENTLY LOCATED, A GARDEN IS ACCESSIBLE FROM THE GROUND FLOOR REAR UNIT. THE PROPERTY IS JUST 1½ SHORT BLOCKS AWAY FROM THE 111TH STREET AND ROOSEVELT AVE "7" LINE TRAIN STATION.

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Jerry Brownstein

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