Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: Pets No

Financials

Price:$1,380,000
Annual Taxes:$15,205.94
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Charles Rutenberg Realty Inc

Description

Discover a prime investment opportunity in the heart of Ridgewood, Queens. This six-unit, rent-stabilized property offers a stable income stream and is situated in one of New York City's most vibrant neighborhoods. Units: 6 rent-stabilized apartments Gross Rent Roll: $110,115 annually Net Operating Income (NOI): $76,042 Building Size: 5,712 sq ft Lot Size: 2,800 sq ft Stories: 3 Year Built: 1931 Recent Upgrades: New boiler installed in 2024; two units feature renovated bathrooms Ridgewood is renowned for its diverse culinary scene, historic charm, and strong community spirit. Residents enjoy easy access to public transportation, including the M and L subway lines, facilitating convenient commutes to Manhattan and Brooklyn.

Amenities

  • Natural Gas Connected

Discover a prime investment opportunity in the heart of Ridgewood, Queens.


    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.