New York, NY 11355

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.0 Acres

Financials

Price:$2,390,000
Annual Taxes:$45,401
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of United Real Estate Fortune

Excellent investment opportunity in the heart of Flushing.

Description

Excellent investment opportunity in the heart of Flushing. This well-maintained 8-unit residential building is being sold as a full building sale and is occupied with good, established tenants, providing immediate rental income for the new owner. The property is equipped with 9 gas meters and 9 electric meters, offering convenient utility separation and management. Located on Cherry Avenue, the building enjoys a highly desirable location near downtown Flushing, with easy access to a wide variety of restaurants, supermarkets, shops, and everyday conveniences. Public transportation is readily available, including the 7 train at Flushing–Main Street, the LIRR station, and multiple bus lines, allowing convenient access throughout Queens and into Manhattan. This income-producing property offers strong rental demand and long-term investment potential in one of Queens’ most vibrant and established residential neighborhoods. A great opportunity for investors seeking a stable asset in a prime location.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Near Public Transit
  • Near School
  • Near Shops
  • 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.