New York, NY 11385

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: Pets No
Lot Size: 0.04 Acres

Financials

Price:$2,600,000
Annual Taxes:$17,537
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of eXp Realty

Description

Incredible opportunity to own a turnkey, income-producing mixed-use brick building in one of Queens’ most desirable and rapidly appreciating neighborhoods. PROPERTY HIGHLIGHTS: * Zoning: R6B – Residential zoning allows for potential future development or expansion (consult architect) * Corner Lot – Excellent exposure and street visibility on a bustling Ridgewood intersection * 3 Residential Units – Fully leased with stable tenants and strong rent roll * 1 Ground-Floor Retail Unit – High-visibility storefront, ideal for continued commercial use * 4 Private Garages – Rare in the area; great for owner use or additional rental income Investment Summary: This is a true turnkey investment offering immediate cash flow and long-term upside in a high-demand rental market. Perfect for 1031 exchange buyers, investors, or owner-users looking for mixed-use flexibility.

Amenities

  • Cable Connected
  • Electricity Available
  • Water Connected

Incredible opportunity to own a turnkey, income producing mixed use brick building in one of Queens most desirable and rapidly appreciating 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.