New York, NY 11103

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 12 BR
Bathrooms: 6
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$1,989,000
Annual Taxes:$16,060
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Blue Brick Real Estate

Description

Astoria Investment with Desirable Cap Rate & Strong Upside Exceptional opportunity to acquire a well-maintained brick 6-family building in one of Queens’ most sought-after neighborhoods. Three of the apartments are free-market, providing flexibility and income growth potential. Four of the six units have been gut-renovated in recent years, offering modern finishes that attract quality tenants and support strong rental demand. Recent upgrades—including a new gas boiler, new water heater, and a 2021 roof repair—ensure minimal near-term maintenance. Private outdoor spaces, including a rear yard and roof decks, present additional income potential through outdoor space leasing. Located steps from top dining, shopping, and transportation, this property delivers stable income, a desirable cap rate, long-term appreciation potential, and multiple value-add opportunities for savvy investors.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Other
  • Sewer Connected
  • Water Connected

Astoria Investment with Desirable Cap Rate amp ; Strong Upside Exceptional opportunity to acquire a well maintained brick 6 family building in one of Queens most sought after neighborhoods.


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.