Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Pets: Pets No

Financials

Price:$5,850,000
Annual Taxes:$82,284.16
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of All Island Estates Realty Corp

Description

Calling All Investors, Developers & End-Users!!! 6,200 Sqft. Industrial Building + 1,400 Sqft. House For Sale Only 5 Minutes From JFK!!! The Property Features Great Exposure, Excellent Signage, 2 Drive-In Doors, 78 Parking Spaces, Multiple Offices, Waiting Room, High 14’ Ceilings, 3 Phase Power, 2 In-Ground Lifts, SprayBake Downdraft Spray Booth, Security Camera System, Alarm System, All New LED Lighting, Sprinklers, CAC, +++!!! The Property Has Been Home To A Successful Auto Body Business For 65+ Years!!! The Property Is Situated In The Heart Of The Springfield Gardens On Busy Guy R Brewer Blvd. Only 4 Blocks Off The Belt Pkwy.!!! Neighbors Include Walmart, The Home Depot, Stop & Shop, Target, Best Buy, Lowe’s Home Improvement, B.J.’s, BP Gas, McDonald’s, Dollar Tree, Aldi, Subway, Burger King, KFC, +++!!! The Property Has A Daily Traffic Count Of 6,800+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Development Site Or The Next Home For Your Business!!! The Auto Body Business Can Also Be Bought For Only $800k!!! Income: T-Mobile Cell Tower: $25,536 Ann.; 3% Ann. Inc.; Lease Exp.: 2037. 146-10: 5,000 SQFT. Building + 3,000 Sqft. Yard Space: $300,000 Ann. M-M. 146-16: Tire Shop (468 Sqft.): $30,000 Ann. M-M. Been Here 20+ Years So Far. Towing Company (6,720 SQFT. Yard + 560 Sqft. Warehouse): $49,560 Ann. M-M. 146-20: 1st Floor Auto Parts Shop (700 Sqft.): $33,300 Ann. M-M. 2nd Floor (700 Sqft.): $28,600 Ann. (Available) Pro Forma Gross Income: $466,966 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $5,680 Ann. Water & Sewer: $1,200 Ann. Taxes: $82,284.16 Ann. Total Expenses: $89,414.16 Ann. Net Operating Income (NOI): $377,551.84 Ann. (Pro Forma 6.45% Cap!!!) Rep

Amenities

  • Natural Gas Available

Calling All Investors, Developers amp ; End Users !


    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.