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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.
| DAYS ON MARKET | 2 | LAST UPDATED | 9/19/2025 |
|---|---|---|---|
| YEAR BUILT | 1940 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Ps 7 Louis F Simeone |
|---|---|
| Jr. High School | Is 61 Leonardo Da Vinci |
| High School | High School For Arts & Business |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Other |
| BASEMENT | Partial |
| CONSTRUCTION | Other |
| HEAT | Other |
| INTERIOR | Other |
| LOT | 5001 sq ft |
| SEWER | Public Sewer |
| STYLE | Other |
| TAXES | 5000 |
| UTILITIES | Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Cana Realty
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Date Last Updated: 9/20/25 3:20 PM PDT
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