Corona, NY 11368,5014 111th ST
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Corona, NY 11368,5014 111th ST
Corona, NY 11368,5014 111th ST
Corona, NY 11368,5014 111th ST
Corona, NY 11368,5014 111th ST
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$ 3,150,000
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Price Dropped by $3.1M

5014 111th ST Corona, NY 11368

3 Beds

4 Baths

1,092 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,092 sqft

Price per Sqft $2,884

MLS Listing ID 914949

Style Other

Bedrooms 3

Full Baths 2

Half Baths 2

HOA Y/N No

Rental Info No

Year Built 1940

Annual Tax Amount $5,000

Lot Size 5,000 Sqft

Acres 0.1148

Property Sub-Type Single Family Residence

Source onekey2

Property Description

Great Development Opportunity:
• 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 spaces

This 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.

Location

State NY

County Queens

Rooms

Basement Partial

Interior

Interior Features Other

Heating Other

Cooling None

Fireplace No

Appliance Other

Exterior

Utilities Available Water Connected

Garage false

Private Pool No

Building

Foundation Other

Sewer Public Sewer

Water Public

Structure Type Other

Schools

Elementary Schools Ps 7 Louis F Simeone

Middle Schools Is 61 Leonardo Da Vinci

High Schools Queens24

School District Queens24

Others

Senior Community No

Special Listing Condition None


Listed by Cana Realty • Young Kim
Denise Jackson

Denise Jackson

Agent

+1(347) 244-9085

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5014 111th ST