Property
| Ownership: | For Sale |
|---|---|
| Rooms: | 15 |
| Bedrooms: | 12 BR |
| Bathrooms: | 5 |
| Pets: | Pets No |
| Area: | 3400 sq ft |
| Lot Size: | 3558 sq ft |
FinancialsPrice: $2,025,000 Annual Taxes: $32,516
| Price: | $2,025,000 |
|---|---|
| Annual Taxes: | $32,516 |
47-44 Vernon Blvd, Long Island City, NY 11101 Phone: +1718-707-0200 Fax: +1718-707-0233 | |
| Courtesy of Keller Williams Rlty Landmark | |
DescriptionVacant Legal 4 family detached brick home in Astoria featuring four 1 Bedroom apartments that could EASILY be converted to JR4s 2 Bedrooms, a full finished basement and an oversized 25 x142 feet lot with R6B zoning providing over 5,000 sq ft of additional air rights (7,100 as of right total buildable PLUS bonus for Community facility). Centrally located within 3 blocks to the N and W subway stations at 30th Ave., and close to multiple cafes, restaurants, and entertainment venues. Mount Sinai is in close proximity and it is a great source of tenants. You could Live in one unit and rent the rest while you enjoy one of the best neighborhoods in New York City, or invest in an area with strong appreciation and a very healthy rental market. All the utilities are paid for by the tenants as the building has 4 separate boilers and 4 separate hot water heaters. This amazing property offers multiple user and investor options. As it is, it represents a ready to rent, turn key investment legal 4 family with extra parking and excellent income. You could also combine 2 units to create a larger home while still preserving good rental income. It also offers an opportunity to the savvy developer as the current structure could be left in place while enlarging it into a 10 unit building or a large community or medical facility (you would save construction costs, time and taxes by filing for an Alteration 1 instead of a New Building). The survey and an architectural opinion are available upon request but we encourage you to verify with your own architect. The oversized lot provides additional parking or outdoor space for entertaining. Perfect 1031 exchange candidate. Sites like this, delivered entirely vacant are a rare find in Astoria. Professional actual photos are next to the staged photos for visualization purposes. Projected income and expenses for the current building is available upon request (cap rate above 7%). All vacant, no rent stabilization, or free market rents. If you decide to develop to its maximum potential (8-10 units), the new property would qualify for the 485x , option C, tax abatement.
Amenities- Eat-in Kitchen
- Fire Splinkler System
- Guest Quarters
- Master Downstairs
- Near Public Transit
- Near Public Transportation
- Refrigerator
- Storage
Neighborhood
Vacant Legal 4 family detached brick home in Astoria featuring four 1 Bedroom apartments that could EASILY be converted to JR4s 2 Bedrooms, a full finished basement and an oversized 25 x142 feet lot with R6B zoning providing over 5,000 sq ft of additional air rights (7,100 as of right total buildable PLUS bonus for Community facility). Centrally located within 3 blocks to the N and W subway stations at 30th Ave., and close to multiple cafes, restaurants, and entertainment venues. Mount Sinai is in close proximity and it is a great source of tenants. You could Live in one unit and rent the rest while you enjoy one of the best neighborhoods in New York City, or invest in an area with strong appreciation and a very healthy rental market. All the utilities are paid for by the tenants as the building has 4 separate boilers and 4 separate hot water heaters. This amazing property offers multiple user and investor options. As it is, it represents a ready to rent, turn key investment legal 4 family with extra parking and excellent income. You could also combine 2 units to create a larger home while still preserving good rental income. It also offers an opportunity to the savvy developer as the current structure could be left in place while enlarging it into a 10 unit building or a large community or medical facility (you would save construction costs, time and taxes by filing for an Alteration 1 instead of a New Building). The survey and an architectural opinion are available upon request but we encourage you to verify with your own architect. The oversized lot provides additional parking or outdoor space for entertaining. Perfect 1031 exchange candidate. Sites like this, delivered entirely vacant are a rare find in Astoria. Professional actual photos are next to the staged photos for visualization purposes. Projected income and expenses for the current building is available upon request (cap rate above 7%). All vacant, no rent stabilization, or free market rents. If you decide to develop to its maximum potential (8-10 units), the new property would qualify for the 485x , option C, tax abatement.
- Eat-in Kitchen
- Fire Splinkler System
- Guest Quarters
- Master Downstairs
- Near Public Transit
- Near Public Transportation
- Refrigerator
- Storage
Neighborhood
Vacant Legal 4 family detached brick home in Astoria featuring four 1 Bedroom apartments that could EASILY be converted to JR4s 2 Bedrooms, a full finished basement and an oversized ...
DescriptionVacant Legal 4 family detached brick home in Astoria featuring four 1 Bedroom apartments that could EASILY be converted to JR4s 2 Bedrooms, a full finished basement and an oversized 25 x142 feet lot with R6B zoning providing over 5,000 sq ft of additional air rights (7,100 as of right total buildable PLUS bonus for Community facility). Centrally located within 3 blocks to the N and W subway stations at 30th Ave., and close to multiple cafes, restaurants, and entertainment venues. Mount Sinai is in close proximity and it is a great source of tenants. You could Live in one unit and rent the rest while you enjoy one of the best neighborhoods in New York City, or invest in an area with strong appreciation and a very healthy rental market. All the utilities are paid for by the tenants as the building has 4 separate boilers and 4 separate hot water heaters. This amazing property offers multiple user and investor options. As it is, it represents a ready to rent, turn key investment legal 4 family with extra parking and excellent income. You could also combine 2 units to create a larger home while still preserving good rental income. It also offers an opportunity to the savvy developer as the current structure could be left in place while enlarging it into a 10 unit building or a large community or medical facility (you would save construction costs, time and taxes by filing for an Alteration 1 instead of a New Building). The survey and an architectural opinion are available upon request but we encourage you to verify with your own architect. The oversized lot provides additional parking or outdoor space for entertaining. Perfect 1031 exchange candidate. Sites like this, delivered entirely vacant are a rare find in Astoria. Professional actual photos are next to the staged photos for visualization purposes. Projected income and expenses for the current building is available upon request (cap rate above 7%). All vacant, no rent stabilization, or free market rents. If you decide to develop to its maximum potential (8-10 units), the new property would qualify for the 485x , option C, tax abatement.
Amenities- Eat-in Kitchen
- Fire Splinkler System
- Guest Quarters
- Master Downstairs
- Near Public Transit
- Near Public Transportation
- Refrigerator
- Storage
Neighborhood
Vacant Legal 4 family detached brick home in Astoria featuring four 1 Bedroom apartments that could EASILY be converted to JR4s 2 Bedrooms, a full finished basement and an oversized 25 x142 feet lot with R6B zoning providing over 5,000 sq ft of additional air rights (7,100 as of right total buildable PLUS bonus for Community facility). Centrally located within 3 blocks to the N and W subway stations at 30th Ave., and close to multiple cafes, restaurants, and entertainment venues. Mount Sinai is in close proximity and it is a great source of tenants. You could Live in one unit and rent the rest while you enjoy one of the best neighborhoods in New York City, or invest in an area with strong appreciation and a very healthy rental market. All the utilities are paid for by the tenants as the building has 4 separate boilers and 4 separate hot water heaters. This amazing property offers multiple user and investor options. As it is, it represents a ready to rent, turn key investment legal 4 family with extra parking and excellent income. You could also combine 2 units to create a larger home while still preserving good rental income. It also offers an opportunity to the savvy developer as the current structure could be left in place while enlarging it into a 10 unit building or a large community or medical facility (you would save construction costs, time and taxes by filing for an Alteration 1 instead of a New Building). The survey and an architectural opinion are available upon request but we encourage you to verify with your own architect. The oversized lot provides additional parking or outdoor space for entertaining. Perfect 1031 exchange candidate. Sites like this, delivered entirely vacant are a rare find in Astoria. Professional actual photos are next to the staged photos for visualization purposes. Projected income and expenses for the current building is available upon request (cap rate above 7%). All vacant, no rent stabilization, or free market rents. If you decide to develop to its maximum potential (8-10 units), the new property would qualify for the 485x , option C, tax abatement.
- Eat-in Kitchen
- Fire Splinkler System
- Guest Quarters
- Master Downstairs
- Near Public Transit
- Near Public Transportation
- Refrigerator
- Storage
Neighborhood
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2024, OneKey® MLS.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable,
but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors,
omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without
notice. International currency conversions where shown are estimates based on recent exchange rates and are
not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.