5008 111th Street, Corona, NY, 11368
$3,150,000
Misc
For Sale
Details
ML#: 914982
- Business Type: Residential
- Taxes: $5,000
- Status:Active
Description
Address: 5008- 5014 111th Street, Corona, NY 11368 • Asking price: $6.25 million. Land Size: 10, 000 sq. ft.• Buildable Area (FAR 2.4): 24, 000 sq. ft.• Planned Units: 40 residential condos• Parking: 20 spacesThis opens the door to a much larger and more impactful project in one of the most promising areas of Queens—a rare chance to invest in real estate positioned for strong returns and long-term value.Zoned R6B, the planned development will deliver 24, 000 sq. ft. of premium living space with parking, designed to meet the rising demand for quality housing in the Flushing/Corona market.Construction is scheduled to begin in Q2 2025, with sales completion by 2027, allowing investors to capture the benefits of a booming market driven by population growth, strong rental demand, and unmatched proximity to cultural and recreational landmarks.Directly across from Flushing Meadows–Corona Park, one of New York City’s most visited destinations with over 9 million annual visitors, this project offers both exceptional visibility and long-term desirability.Strong demand. Prime location. Reliable returns.This is more than a real estate project—it’s a landmark growth opportunity in the heart of New York.
More Property Details
Lot Size: 0.1148
Lot Sq Ft: 5000
Sewer: Public Sewer
Taxes: $5,000
School District: Ps 7 Louis F Simeone
Listing Information provided courtesy of
Cana Realty
347-542-3105