Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: Pets No
Lot Size: 0.18 Acres

Financials

Price:$8,200,000
Annual Taxes:$128,369
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Urgo Realty Inc

Description

We are pleased to present an exclusive investment opportunity in a fully occupied, rent-stabilized, four-story mixed-use building. This Class C7 apartment building boasts a total of 24,909 internal square feet. It comprises 28 residential units, which include 11 one-bedroom apartments and 17 two-bedroom apartments, occupying 21,409 square feet in total, averaging 765 square feet per unit. Additionally, the building features six commercial units with a combined retail space of 3,500 square feet. The property is situated on a lot that covers a total area of 8,000 square feet, with notable 80 feet of frontage on Northern Boulevard. Located at 95-13 to 95-19 Northern Boulevard, also known as 32-56 96th Street, in Jackson Heights, Queens. The building offers tenants easy access to various markets, restaurants, and convenient transportation options. This is an excellent opportunity to invest in a property that will maintain a steady demand for tenants.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

We are pleased to present an exclusive investment opportunity in a fully occupied, rent stabilized, four story mixed use building.


Long Island 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.