New York, NY 11368

Property

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

Financials

Price:$2,388,000
Annual Taxes:$44,091.28
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Daniel Gale Sothebys Intl Rlty

Built in 2018, this corner mixed use property consists of 4 residential apartments plus 1 commercial storefront offering investors a stable, income producing asset in the heart of Corona, Queens.

Description

Built in 2018, this corner mixed-use property consists of 4 residential apartments plus 1 commercial storefront - offering investors a stable, income-producing asset in the heart of Corona, Queens. All units are currently occupied, allowing the new owner to take over and immediately begin collecting rental income. The building’s modern construction features separate boilers, heating systems, electric meters, and gas meters for each unit, keeping operating costs efficient, with the owner responsible for water. The property also includes 1 deeded PARKING space. These features make the property a low-maintenance, turnkey investment ideal for all investors. Ideally located just a short walk to the 7 Train along Roosevelt Avenue, the property provides convenient transportation to Manhattan and surrounding neighborhoods. Multiple nearby bus lines further enhance accessibility for residents and commercial patrons. Situated only two blocks from Park of the Americas, 6-minute drive to Flushing Meadow Corona Park, and 8-minute drive to Citi Field, the building benefits from a vibrant community with strong residential demand and steady foot traffic supporting the commercial space. The adjacent building at 101-12 43rd Avenue is also available for sale, offering a rare opportunity to purchase both properties as a package deal. An excellent opportunity to acquire a fully occupied, income-generating mixed-use property in one of Queens’ most active rental markets, offering immediate cash flow and long-term appreciation potential. Rent roll and expenses, available upon request.

Amenities

  • Balcony
  • Electricity Connected
  • Natural Gas Connected
  • 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.