New York, NY 11368

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio

Financials

Price:$2,299,999
Annual Taxes:$1,980
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Douglas Elliman Real Estate

7 Unit Building In The Heart Of Queens 6 units of One bedroom amp ; 1 unit of two bedrooms.

View of apartment building / complex

Description

7 Unit Building In The Heart Of Queens-6 units of One-bedroom & 1 unit of two-bedrooms. Basement: Utility Room, Rooms, Bath, Access To The Backyard. 1 F 2 Bedrooms, 2 Full Baths, Lr/ Dr, Kitchen. All other units 1 Bedroom & 1 Full Bath, Living Room & Kitchen. Strong Cash Flow Investment. Walk to the subway station for 10 Minutes. Prime Location Close to Shopping, Laundromat, and Highways. This building is being sold as a whole, but investors can sell each unit separately as a condominium. Please Verify And Contact your Attorney. No Rent Stabilize! 7 Unit Building In The Heart Of Queens-6 units of One-bedroom & 1 unit of two-bedrooms. Basement: Utility Room, Rooms, Bath, Access To The Backyard. 1 F 2 Bedrooms, 2 Full Baths, Lr/ Dr, Kitchen. All other units 1 Bedroom & 1 Full Bath, Living Room & Kitchen. Walk to the subway station for 10 Minutes. Prime Location Close to Shopping, Laundromat, and Highways. This Building Is Being Sold As A Whole. Investor Also Can Sell By Each Condo. Please Verify And Contact your Attorney. This Is A Rare Chance To Acquire A Solid Performing Asset In A Desirable Location With Stable Income And Upside Potential. Excellent Opportunity For Investors Seeking Strong Cash Flow And Long-term Growth Potential. Ideal For Investors Or 1031 Exchange Buyers. Opportunity For Future Rental Growth. Approx. 5.5% Cap Rate With Strong Income And No Rent Stabilized Units. Do Not Miss The Opportunity!!!

Amenities

  • Balcony
  • Cable - Available
  • Electricity Available
  • Fire Alarm
  • Fire Escape
  • Fire Sprinkler System
  • Gas Cooktop
  • Gas Oven
  • Gas Water Heater
  • Natural Gas Available
  • Phone Available
  • 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.