New York, NY 11385

Property

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

Financials

Price:$999,999
Annual Taxes:$20,545
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Coldwell Banker Reliable R E

Description

This all-brick, six-family building in the highly sought-after Ridgewood neighborhood presents an exceptional investment opportunity. The property features six spacious two-bedroom apartments along with a full basement, offering additional storage and functionality. Measuring 25 x 75 feet on a 25 x 101-foot lot, the building provides a strong physical footprint and efficient layout. Recent capital improvements include a new roof (2017), a brand-new boiler, new water heaters, storage rooms in the basement, a large skylight in the hallway that brings in abundant natural light, high ceilings, and a beautifully maintained garden yard. These features enhance both tenant appeal and long-term durability, making the property a low-maintenance, income generating asset. Ridgewood charm is further highlighted by its vibrant neighborhood atmosphere. The property is surrounded by a diverse mix of cafés, restaurants, shopping centers, grocery stores, and entertainment venues. Excellent transportation access includes the M line located a short distance away at the Middle Village–Metropolitan Ave station and the M/L MyrtleWyckoff station also within a short distance, providing quick connections to Manhattan, Brooklyn, and Queens. Multiple bus routes, including the Q39, Q58, Q98, and B38 limited, also serve the area, further enhancing connectivity for tenants. Parks, schools, and community amenities are nearby, contributing to Ridgewood’s strong residential demand.

Amenities

  • Natural Gas Available
  • Sewer Available

This all brick, six family building in the highly sought after Ridgewood neighborhood presents an exceptional investment opportunity.


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.