New York, NY 11372

Property

Ownership: For Sale
Type: mixed-use
Bedrooms: Studio
Lot Size: 0.0 Acres

Financials

Price:$1,750,000
Annual Taxes:$29,571.04
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of ERealty Advisors Inc

Roosevelt Avenue Mixed Use Investment Property.

Description

Roosevelt Avenue Mixed-Use Investment Property. 2,398 SF building with a full basement. Projected CAP rate: 7%. The property features a long-term restaurant tenant occupying the first floor and basement, plus four residential studio apartments on the second floor (month-to-month tenancies). Income and expense information available upon request. Located on Roosevelt Avenue with strong foot traffic and convenient access to the 7, E, M, F, and R subway lines, the property offers stable income with future upside potential. All showings by appointment only. Please do not disturb tenants. Sale subject to third-party approval.

Amenities

  • Electricity Connected
  • Natural Gas 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.