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$ 3,150,000
Est. payment | /mo
5,000 Sqft Lot
$ 3,150,000
Est. payment | /mo
5,000 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 914982
HOA Y/N No
Rental Info No
Annual Tax Amount $5,000
Lot Size 5,000 Sqft
Acres 0.1148
Source onekey2
Property 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 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.
• 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
Interior
Fireplace No
Building
Sewer Public Sewer
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
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "