Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: Pets No
Lot Size: 0.03 Acres

Financials

Price:$5,600,000
Annual Taxes:$42,754.64
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Keller Williams Rlty Landmark

Description

Prime Mixed-Use Investment Opportunity in the Heart of Flushing — a rarely available mixed-use building located in one of the most dynamic and fast-growing corridors of Downtown Flushing. This fully occupied (except for the basement, currently vacant and ready for a promising new tenant) property presents a stable, income-producing asset with long-term upside potential. Basement: Vacant and ready for lease — ideal for a tenant with growth potential seeking to tap into the high-traffic Flushing market. 1st Floor: popular, well-established dessert restaurant with strong brand recognition and consistent rental income. 2nd Floor: Leased to an office tenant who has maintained a long-term relationship with the landlord — providing dependable revenue. 3th & 4th Floors: Each level features a spacious 3-bedroom, 2-bath residential unit with excellent rental income potential in a high-demand neighborhood. This property is low-maintenance and easy to manage, making it ideal for both seasoned investors and those looking for a hands-off, stable return. Positioned in a rapidly developing section of Flushing, this is a perfect opportunity to collect rent while the neighborhood continues to thrive and appreciate. Don't miss your chance to secure a solid asset in one of Queens’ most vibrant commercial and residential hubs.

Amenities

  • Accessible Elevator Installed
  • Electricity Connected
  • Natural Gas Connected
  • Phone Connected
  • Sewer Connected
  • Water Connected

Prime Mixed Use Investment Opportunity in the Heart of Flushing a rarely available mixed use building located in one of the most dynamic and fast growing corridors of Downtown Flushing.


    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.