New York, NY 11368

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 5 BR
Bathrooms: 2
Pets: No Pets Allowed
Lot Size: 0.03 Acres

Financials

Price:$799,000
Annual Taxes:$4,652.48
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Compass Greater NY LLC

This property presents an exceptional chance for investors seeking meaningful upside in one of Queens most desirable and fast growing neighborhoods.

Description

This property presents an exceptional chance for investors seeking meaningful upside in one of Queens’ most desirable and fast-growing neighborhoods. Offering a two-family layout and positioned within R6B zoning, it provides the flexibility to renovate, reconfigure, or pursue a larger development vision supported by an allowable FAR of 2.0. The existing five bedroom, two bathroom structure requires renovation but offers strong fundamentals and the opportunity to significantly enhance value through thoughtful improvements or expansion. Its location near transit, shopping, schools, and parks ensures consistent demand for both rental and resale strategies, while the current Certificate of Occupancy adds stability and optionality for future plans. Sold in as-is condition with all zoning and development details to be independently confirmed by the buyer, this property stands as a rare opportunity to capitalize on long-term growth in a prime New York City setting.

Amenities

  • Cable - Available
  • Cable Connected
  • Ceiling Fan(s)
  • Electricity Available
  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Available
  • Natural Gas Connected
  • Original Details
  • Sewer Available
  • Sewer Connected
  • Washer/Dryer Hookup

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.