Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$3,380,000
Annual Taxes:$3,615.96
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of United Real Estate Fortune

Description

Located in the heart of Flushing, 32-22 137th Street is a well-maintained brick building offering strong rental income potential. The property features multiple units, cap rate over 5% with 421a tax exemption until 2032, making it an excellent opportunity for investors seeking steady cash flow. Conveniently situated near public transportation, shopping, dining, and major highways, it provides easy access to Downtown Flushing and LaGuardia Airport. This prime location ensures high demand from tenants and long-term value appreciation.

Amenities

  • Balcony
  • City
  • Electricity Connected
  • Natural Gas Connected
  • Near Public Transit
  • Near School
  • Near Shops
  • Neighborhood
  • Park
  • Park/Greenbelt
  • Playground
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Located in the heart of Flushing, 32 22 137th Street is a well maintained brick building offering strong rental income potential.


    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.