New York, NY 11385

Property

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

Financials

Price:$1,350,000
Annual Taxes:$24,401.16
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Amorelli Realty LLC

6 Family Multi Family Building in the Heart of Ridgewood.

Description

6 Family Multi Family Building in the Heart of Ridgewood. The landlord has reserved 1 Vacancy for the ease of showcasing the space. The purchaser can utilize this vacancy to live in and off-set their mortgage with 5 other rentals or for an investor, fully rent and generate the income. Located in the historic district of Ridgewood, this building was originally built to conform to warehouse use and was later converted for residential use. Due to this use case, the building was built with Steel Beams to support the weight of warehouse use. All apartments are railroad style. Left side units are 3 bedroom 1 bath and right side units are 2 bedroom 1 bath. Only .3 Miles from the M Subway on Fresh Pond and steps away from numerous Bus Stations. Centrally Located, proximity to local eateries, retail stores, grocery stores and only a few stops away from neighboring towns. **Prospective Purchaser must be aware of Rent Stabilization Laws** 122k Gross Income, For an Offering Memorandum/Income and Expenses please reach out to: Yianni Bachas

Amenities

  • Trash Collection Public
  • Walk Up

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.