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Apartment Building For Sale

54-14 111th Street Corona Ny, NY 11368

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New
For Sale
$3,680,000

Multifamily residential income property offered for sale at 54-14 111th Street in Corona, NY.

Property size:
8,652 SF
Price / SF:
$425.34/SF
Added:
Jul 10, 2026
Days on Market:
4
Last Refresh:
Jul 11 at 3:02 am

Property Features for 54-14 111th Street Corona

General Information

Standard status
Active
Size
8,652 SF

Building Details

Year Built
2013

Listing office

Listing date Jul 10, 2026

Source Parkassets

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Andrew Boodhoo


Investment Insights

Based on property information with market context.

This apartment building is offered for sale as a multifamily, residential income property. The listing is categorized as an apartment building / other apartment buildings, providing a straightforward residential income asset for qualified buyers.

The property is located at 54-14 111th Street in Corona, NY 11368. The available information does not specify additional building details such as unit mix, interior condition, or tenant occupancy, so buyers are encouraged to perform their own due diligence regarding the operating profile and suitability.

Please contact us for additional materials and to schedule a review of the property details associated with this offering.

Key Highlights

  • Multifamily residential income property for sale at 54‑14 111th Street, Corona, NY
  • Built in 2013
  • Total building area: 8,652

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $518.1k $59.88
− Vacancy −$25.9k −$2.99
EGI $492.2k $56.89
− OpEx −$221.5k −$25.60
NOI $270.7k $31.29
8,652 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$3.87M
$3.38M – $4.51M (±1% cap)
NOI $270,698 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$21.54M
$18.84M – $25.13M (±1% cap)
NOI $1,507,524 @ 7.0% cap · market cap 40.97%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency Auto Parts Store Gym & Fitness Center HVAC Service Catering Service Carpet & Flooring Store Acupuncture Garden Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Multifamily residential income property offered for sale at 54-14 111th Street in Corona, NY.
Where is this apartment building located?
The property is located at 54-14 111th Street Corona Ny, NY.
What is the asking price?
The asking price for this property is $3,680,000.
What are key features of this property?
This property features: Multifamily residential income property for sale at 54‑14 111th Street, Corona, NY; Built in 2013; Total building area: 8,652
Contact an agent
More about this property
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