New York, NY 11368

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 11 BR
Bathrooms: 7

Financials

Price:$1,788,000
Annual Taxes:$1,800
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Chase Global Realty Corp

Excellent investment opportunity in the heart of Corona, Queens !

Description

Excellent investment opportunity in the heart of Corona, Queens! This 2004-built, well-maintained 4-family property offers approximately 4,480 SF of total building area, with each floor approximately 1,120 SF, and strong, stable rental income. The property consists of 4 residential units: • 1 Two-Bedroom / 1 Bath unit • 3 Three-Bedroom / 2 Bath units Additionally, the basement is fully finished. Total rental income is $11,200/month, approximately $134,400/year. All tenants are long-term, stable, and well-qualified. Property comes with 5 years remaining on tax abatement, significantly reducing carrying costs. Current property tax is $150/month, or $1,800/year. Water expense is $1,350 every 3 months, and garbage expense is $200/month. Tenants pay their own electricity and gas; landlord is responsible for water, property tax, and garbage only, keeping operating expenses low. Conveniently located just 5 minutes’ walk to the 7 Train station, offering easy access to Flushing and Manhattan. Close to shopping, schools, and neighborhood amenities. This is a turnkey investment — sold with all tenants in place as a package deal, as-is. No vacancies. Ideal for investors seeking immediate cash flow and long-term appreciation. A rare high-income-producing 4-family opportunity in Corona — don’t miss it!

Amenities

  • Electricity Connected
  • First Floor Bedroom
  • Natural Gas Connected
  • Sewer Connected
  • 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.