New York, NY 11372

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: Pets No
Lot Size: 0.05 Acres

Financials

Price:$1,550,000
Annual Taxes:$64,431
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Hedgestone Commercial Rlty LLC

Introducing a prime investment opportunity in Jackson Heights, NY.

View of property with driveway and a garage

Description

Introducing a prime investment opportunity in Jackson Heights, NY. This 5,852 SF Low-Rise Building, constructed in 1990, has 5 units, and 1 garage. Ideal for a multifamily investor seeking a strategic acquisition. Potential for a laundry room in the basement. Zoned R5. With its coveted location in the heart of Jackson Heights, this property presents a compelling investment proposition for discerning investors looking to capitalize on the thriving multifamily real estate market. A rare find offering versatility and growth opportunities in a sought-after location. Cap Rate = 6.06%

Amenities

  • Cable - Available
  • Cable Connected
  • Electricity Available
  • Electricity Connected
  • Natural Gas Available
  • Natural Gas Connected
  • Phone Available
  • Phone Connected
  • Sewer Available
  • Sewer Connected
  • Trash Collection Public
  • Water Available
  • 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.