New York, NY 11369

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio

Financials

Price:$2,288,000
Annual Taxes:$31,028.48
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Daniel Gale Sothebys Intl Rlty

Built in 2021, this legal 6 family new construction building offers a turnkey investment opportunity with all units currently occupied, allowing the next owner to immediately begin collecting rental income.

Description

Built in 2021, this legal 6-family new construction building offers a turnkey investment opportunity with all units currently occupied, allowing the next owner to immediately begin collecting rental income. The property features two studio apartments, two 1-bedroom units with private balconies, and two 2-bedroom units with balconies. The building operates as free-market rentals, providing strong income potential and flexibility for investors. Designed with efficiency in mind, the building includes separate boilers, heating systems, electric meters, and gas meters for each unit, helping keep operating costs low, with the owner responsible only for water. Conveniently located near LaGuardia Airport with easy access to the Grand Central Parkway and the 7 Train, as well as multiple bus routes, providing a quick commute to Manhattan and surrounding boroughs. The property is also close to Flushing Meadows–Corona Park and Citi Field, along with numerous restaurants, shopping options, and everyday conveniences. This property can be purchased individually or as part of a portfolio with the adjacent buildings at 31-04 107th Street and 106-18 Astoria Boulevard, presenting a rare opportunity to acquire three attached income-producing buildings.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • 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.