Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: Pets No

Financials

Price:$2,890,000
Annual Taxes:$18,291
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Excellent Realty LLC

Description

Location, Location and Location. 5 minutes walking distance from Junction Blvd express train station. Mixed-use building featuring retail storefront on the ground level plus two residential units . Built in 1931 . Lot size: 25x115. Building size: 3615 Sq. Zoning: R6B & C1-4. The first floor is new restaurant. Lease 10 years (fixed) + 5 years( option). Rent is $10000/ per month + half the water bill. Second floor is. 4 Br apartment. Third floor is 4 Br apartment. All tenants own the separate gas meters and electric meters. Lower property tax: $18291. income rate is over 6%. Good for investor.

Amenities

  • Back Yard
  • Natural Gas Available

Location, Location and Location.


    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.