Log In/Sign Up
Your email has been sent.
4512 111th St 7 Unit Apartment Building $2,387,605 CAD ($341,086 CAD/Unit) 8.57% Cap Rate Corona, NY 11368
Investment Highlights
- 8.57% Cap Rate | NOI: $145,679 | GRM: 10.66
- 25-Year 421-a Tax Exemption Through 2030
- Prime Corona Location Near #7 Subway, Q23 Bus, Shopping & Major Highways
- Adjacent 7-Family Building 45-10 Also Available for Package Purchase
- Well-Maintained 7-Family Brick Apartment Building Built in 2004
Executive Summary
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.
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,387,605 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $341,086 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.57% | Building Size | 4,999 SF |
| Gross Rent Multiplier | 10.66 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 2002/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R6B | ||
| Price | $2,387,605 CAD |
| Price Per Unit | $341,086 CAD |
| Sale Type | Investment |
| Cap Rate | 8.57% |
| Gross Rent Multiplier | 10.66 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 4,999 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 2002/2020 |
| Opportunity Zone |
Yes |
| Zoning | R6B |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Basement
- Intercom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,549 CAD | 650 |
| 3+2 | 1 | $3,373 CAD | 1,250 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02001-0043 | Total Assessment | $755,700 CAD (2026) |
| Land Assessment | $39,961 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $715,739 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
02001-0043
Land Assessment
$39,961 CAD (2026)
Improvements Assessment
$715,739 CAD (2026)
Total Assessment
$755,700 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4512 111th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.