New York, NY 11368

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: Pets No

Financials

Price:$2,986,000
Annual Taxes:$22,000
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of E Realty International Corp

Brand new 6 family building completed in 2025, located at 104 22 Corona Ave in a high demand rental area of Corona.

View of property

Description

Brand new 6-family building completed in 2025, located at 104-22 Corona Ave in a high-demand rental area of Corona. The property offers approx. 4,930 sq.ft. of building space on a 2,202 sq.ft. lot, with zoning R6B and C2-3 overlay. Estimated CAP rate is 6.2% with projected stable cash flow. Annual real estate tax is approx. $22,000. Excellent location close to transportation, shopping, schools, and major highways. Ideal for investors seeking a turnkey income-producing asset with strong long-term upside.

Amenities

  • Electricity Available
  • Natural Gas Available

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.