New York, NY 11372

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Pets: No Pets Allowed
Lot Size: 0.07 Acres

Financials

Price:$1,398,000
Annual Taxes:$24,475.32
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of RE/MAX 1st Choice

Six family investment opportunity in prime Jackson Heights with separate utilities, strong in place income, and exceptional transportation access.

Description

Six-family investment opportunity in prime Jackson Heights with separate utilities, strong in-place income, and exceptional transportation access. With 7 separate gas and electric meters, each unit has its own metered service, simplifying cost allocation and management for an owner or investor. With two oil tanks, this building is heated by a Weil-McLain boiler. Annual rents exceed $100,000, offering immediate cash flow with room to evaluate upside over time. Just minutes to the Jackson Heights–Roosevelt Avenue transit hub, tenants can ride the 7, E, F, M and R lines to Midtown Manhattan, Astoria, and Long Island City in roughly 10–20 minutes—three of NYC’s most sought-after dining and nightlife districts. At home, they’re surrounded by Jackson Heights’ own destination food scene, from Michelin-recognized spots like Angel Indian and Phayul to beloved local favorites along Roosevelt Avenue, a draw for renters who want to live where others come to eat and explore. This investment and exceptional location support steady rental demand and long-term income potential in one of Queens’ most established rental neighborhoods.

Amenities

  • Cable - Available
  • Electricity Connected
  • Gas Range
  • Natural Gas Connected
  • Near Public Transit
  • Near School
  • Near Shops
  • Phone Available
  • Refrigerator
  • Sewer Connected
  • Trash Collection Public
  • Walk Up
  • 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.