New York, NY 11102

Property

Ownership: For Sale
Type: mixed-use
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$3,488,000
Annual Taxes:$16,507.56
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of ERA/Top Service Realty Inc

Exceptional mixed use investment opportunity on a prime corner lot in the heart of Astoria !

Description

Exceptional mixed-use investment opportunity on a prime corner lot in the heart of Astoria! Situated on a 25 x 100 lot with R6B zoning and a C1-3 commercial overlay, this unique property features two buildings on one lot, offering incredible versatility for investors and end users alike. The first residential building features a spacious 4-bedroom apartment and a 3-bedroom apartment, along with a finished basement that adds additional usable space. The second mixed-use building includes a 3-bedroom apartment and a 2-bedroom apartment above a ground-floor storefront, and the sale includes the established business, creating immediate income potential. Additional highlights include a private driveway, a rare and valuable feature in this highly desirable neighborhood. Located just minutes from the vibrant dining, shopping, and entertainment scene along Steinway Street and close to beautiful waterfront views at Astoria Park. Commuting is a breeze with convenient access to the New York City Subway, including the nearby N train and W train, providing a quick commute to Manhattan and throughout Queens. This is a rare chance to own a high-income producing mixed-use property in one of Queens’ most sought-after neighborhoods, with relatively low taxes for a commercial property and strong long-term growth potential.

Amenities

  • Bathrooms
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • 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.