New York, NY 11361

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Pets: Pets No
Lot Size: 0.34 Acres

Financials

Price:$10,988,000
Annual Taxes:$152,686
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Keller Williams Rlty Landmark

Description

Rarely available package deal featuring three modern construction commercial office buildings with a combined 100 feet of prime frontage along Northern Boulevard in the heart of Bayside. The properties included are 210-12 Northern Blvd, 210-08 Northern Blvd, and 209-45 45th Road, all well-maintained and constructed between 1999 and 2015. Together, they represent a unique chance to secure a premier portfolio in one of Queens’ most desirable commercial corridors. This offering includes 11 total units, with 9 currently leased to a mix of professional and medical office tenants, generating stable income. Currently at a healthy 5.3% cap rate, this is an excellent fit for investors seeking reliable cash flow. In addition, the buildings are designed with modern layouts, professional finishes, and efficient systems, ensuring long-term tenant satisfaction and minimal maintenance concerns. Two of the Northern Blvd buildings are elevator-equipped, enhancing accessibility and appeal to a wide range of office and medical users. Another standout feature is the secure underground garage with 17 parking spaces. In a market where parking is limited, this amenity adds significant value for both tenants and visitors. The portfolio’s location further amplifies its appeal — positioned on heavily trafficked Northern Boulevard and situated less than a half mile from the Bayside LIRR station, the properties benefit from outstanding visibility, commuter convenience, and accessibility to Manhattan and Long Island. Beyond stabilized income, there is built-in upside potential. The largest two-floor unit, located in what is commonly referred to as the “Radiology Building,” will become available in November 2025, offering an end-user or anchor tenant the opportunity to establish a flagship presence in a prime Queens location. This unique combination of stable returns, modern construction, strong tenant mix, and a forthcoming marquee vacancy makes this portfolio an exceptional long-term investment. Whether you are an investor looking for a well-performing portfolio or an end-user seeking a highly visible Northern Blvd address, this three-building package is an extraordinary opportunity in Bayside. Floor plan and photos for 209-45 45th Rd coming soon!

Amenities

  • Accessible Elevator Installed
  • Electricity Connected
  • Phone Connected
  • Security System
  • Sewer Connected
  • Video Cameras
  • Water Connected

Rarely available package deal featuring three modern construction commercial office buildings with a combined 100 feet of prime frontage along Northern Boulevard in the heart of Bayside.


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.