New York, NY 11434

Property

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

Financials

Price:$1,450,000
Annual Taxes:$18,854.64
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of All Island Estates Realty Corp

Calling All Investors, Developers, amp ; End Users !

Description

Calling All Investors, Developers, & End-Users!!! 9.22 Cap 5 Unit 3,600+ Sqft. Corner Mixed-Use Building On Linden Blvd. For Sale!!! The Property Features Excellent Signage, Great Exposure, R5B/R3X/C2-3 Zoning, High 10’ Ceilings, Basement, 6 Parking Spaces, Separate Meters, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Jamaica 1 Block From Merrick Blvd. & Minutes From The St. Albans LIRR Station!!! The Property Has 21’ Of Frontage On Linden Blvd. & 117’ Of Frontage On 172nd St.!!! Neighbors Include Chase Bank, Citizens Bank, The Home Depot, Stop & Shop, Crunch Fitness, AutoZone, Mobil, Conoco, McDonald’s, Domino’s Pizza, Papa John’s, IHOP, Liberty Tax, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: Store (2,400 Sqft.): $51,600 Ann.; $1,200 Ann. Inc.; Lease Exp.: 9/1/28.; 5 Year Option. Apt. 1 (1 Br.): $22,200 Ann.; Lease Exp.: 6/30/26. Been Here 5 Years So Far. Apt. 2 (3 Br.): $36,000 Ann. (Delivered Vacant) Apt. 3 (1 Br.): $20,100 Ann.; Lease Exp.: 6/30/26. Apt. 4 (1 Br.): $19,800 Ann.; M-M. Tax Rebate (Paid By The Store): $5,000 Ann. Water Rebate (Paid By The Store): $6,000 Ann. Pro Forma Gross Income: $160,700 Ann. Expenses: Gas: $2,826 Ann. Electric: $560 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $1,800 Ann Insurance: $2,823 Ann. Taxes: $18,706.32 Ann. Total Expenses: $26,965.32 Ann. Net Operating Income (NOI): $133,734.68 Ann. (Pro Forma 9.22 Cap!!!)

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Sewer 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.