New York, NY 11369

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio

Financials

Price:$5,180,000
Annual Taxes:$3,396.16
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Tony & William R E Brotherhood

Located in the heart of East Elmhurst, this newly built 2023 multi family property with elevator offers a rare investment opportunity with a 35 year tax abatement.

Description

Located in the heart of East Elmhurst, this newly built 2023 multi-family property with elevator offers a rare investment opportunity with a 35-year tax abatement. The building features six 2-bedroom units, one 4-bedroom unit, and one 5-bedroom unit, appealing to a broad range of tenants and household needs. With an annual rental income of $370,800, the property provides strong income potential in a convenient Queens location near LaGuardia Airport, shops, restaurants, supermarkets, schools, and public transportation. Seller financing is available for qualified buyers.

Amenities

  • Electricity Connected
  • Electric Water Heater
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

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.