Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: Pets No
Lot Size: 0.05 Acres

Financials

Price:$1,425,000
Annual Taxes:$9,027
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Crifasi Real Estate Inc

Description

Fantastic investment opportunity! This large brick mixed-use building offers a prime commercial and residential setup. The 1st floor features an operating 99 cent store, providing stable rental income paying $2,500 per month with a lease in place until 12/31/28. The 1st floor tenant is responsible for paying the electricity costs for both their individual commercial space and the common area usage. The 2nd & 3rd floors each house spacious 3-bedroom apartments with identical layouts, including an EIK, DR, LR, and 1 full bathroom and they each pay $1,700 per month with no lease. Additional highlights include a full basement and private yard. Perfect for investors or owner-occupants looking to generate rental income.

Fantastic investment opportunity !


    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.