New York, NY 11416

Property

Ownership: For Sale
Type: mixed-use
Bedrooms: Studio
Pets: Pets No

Financials

Price:$3,200,000
Annual Taxes:$35,515
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Akcess24Homes Inc

Description

Prime Investment Opportunity Net Income: $165,000 | Cap Rate: 5.16% This corner property offers diverse tenants (café with 1BR apartment, insurance office, nail salon, mechanic shop, parking space and a vacant land) generating steady cash flow. • 5.16% cap rate with strong current income • Future development potential for residential units • Prime corner location with high visibility A rare opportunity for investors seeking consistent income and long-term growth. Don't miss out on this high-potential property advantage of this exceptional chance to acquire a package deal.

Prime Investment Opportunity Net Income 165, 000 Cap Rate 5.


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.