38-11 111th St 6 Unit Apartment Building $2,550,000 ($425,000/Unit) Corona, NY 11368

Presenting a rare investment opportunity in the heart of Corona, Queens: a well-maintained 6-family building offered at $2,550,000. Built in 2004, this asset spans approximately 5,515 square feet on a 3,688 square foot lot. Fully leased at present, the property boasts a solid rent roll of approximately $13,370 per month, supplemented by additional income from basement and ancillary space.
The property features six gas meters, seven electric meters, and a fully finished basement, ensuring operational efficiency and income diversification. Exterior amenities include front and rear balconies, backyard space, and on-site parking for three vehicles. Situated just one block from the 7 Train, it offers unmatched tenant convenience for commuting across Queens and into Manhattan.
Surrounded by strong neighborhood amenities, retail, and cultural destinations, the address lies in an R5 zoning district, supporting long-term stability and potential development flexibility. With annual property taxes exceptionally low at approximately $1,380 due to an existing tax abatement (buyer to verify terms), this investment offers impressive downside protection and strong yield dynamics for seasoned investors seeking cash flow and long-term capital appreciation in a high-demand market.