New York, NY 11385

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,999,000
Annual Taxes:$21,834
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Crifasi Real Estate Inc

High Yield Opportunity Corner Landmark Generous Buyer Incentive ACT NOW LIMITED TIME BUYER CREDIT The owner is currently offering a significant buyer incentive closing cost credit to help you secure ...

Description

High-Yield Opportunity: Corner Landmark + Generous Buyer Incentive ACT NOW – LIMITED TIME BUYER CREDIT The owner is currently offering a significant buyer incentive/closing cost credit to help you secure this property. This is a rare chance to offset your entry costs or buy down your interest rate on a classic Ridgewood income-producer. A PREMIER RIDGEWOOD ASSET This well-maintained brick corner building offers immediate scale and established cash flow in one of Queens’ most sought-after Landmark Districts. Situated just off Fresh Pond Road, the property is moments from the Fresh Pond M train, providing high-demand rental appeal for Manhattan-bound commuters and long-term asset performance. INVESTMENT HIGHLIGHTS: IMMEDIATE SCALE: Nearly 4,000 square feet of interior space across three stories plus a full basement. THE UNICORN: Includes a rare three-car garage—a high-value amenity that generates additional premium income. DIVERSIFIED UNITS: Four units in total: a ground-floor studio and 1BR, plus two massive, sun-drenched 3-bedroom apartments on the upper floors. STRATEGIC LOCATION: Located moments from the best cafes and parks in Ridgewood, ensuring high occupancy and long-term appreciation. VALUE-ADD POTENTIAL: A full-height unfinished basement offers significant potential for storage or future creative conversion. A BLUE-CHIP PORTFOLIO ADDITION This property is being sold with existing tenancies, offering the savvy investor a solidified asset in a historically significant neighborhood where demand continues to outpace supply. This incentive is only available for a limited window. Contact us today for a private showing and financial details.

Amenities

  • Electricity Connected
  • First Floor Bedroom
  • Natural Gas Available

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.