New York, NY 11368

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$3,190,000
Annual Taxes:$6,900
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Lin Pan Realty Group LLC

RARE TURNKEY MULTIFAMILY INVESTMENT IN PRIME CORONA !

Description

RARE TURNKEY MULTIFAMILY INVESTMENT IN PRIME CORONA! Outstanding 7.9% Cap Rate with a Net Operating Income (NOI) of $251,447. This exceptional property consists of two meticulously maintained, adjacent fireproof buildings built in 2007, offering a total of 14 residential units. One unit is configured as a free-market 3-bedroom, 2.5-bath duplex and may be delivered vacant. Features include private balconies, in-unit washer/dryer, and en-suite bathroom. Remaining units are rent-stabilized and include granite countertops, tiled flooring, and updated bathrooms. Buildings are equipped with sprinkler systems, rubber roofing, finished basement and access to outdoor space. Units are separately metered, with tenants responsible for heat, gas, and electricity. Located within an R6B zoning district with proximity to public transportation, major roadways, and commercial corridors, fully occupied with strong tenant demand.

Amenities

  • Cable - Available
  • Electricity Available
  • Natural Gas Available
  • Phone Available
  • Sewer Available

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.