New York, NY 11412

Property

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

Financials

Price:$1,099,000
Annual Taxes:$14,000
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Leticia J Allocca

Retail amp ; Residential Mixed Use Building With 9.

Description

Retail & Residential Mixed Use Building With 9.6% Cap Rate. 3 Units, Fully Rented, High Monthly Cash Flow, ($10,706) Gross Operating Income ($128,472 Annual). Pharmacy ground floor, 2 Residential Rental Apts Second Floor. 1 2 Bedroom, 1 3 Bedroom. All Leases Expire 2028. Busy Commercial Location. This Multi Family/Retail Investment Property Has Solid Financials, With Escalating Retail Lease, and Low Expenses. Great Opportunity For All Investors.

Amenities

  • Cable Connected
  • Electricity Connected
  • Gas Oven
  • Gas Range
  • Gas Water Heater
  • Natural Gas Connected
  • Oven
  • Refrigerator
  • Sewer Connected
  • Trash Collection Public
  • 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.