New York, NY 11435

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 8 BR
Bathrooms: 3
Lot Size: 0.1 Acres

Financials

Price:$1,200,000
Annual Taxes:$8,642
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Vantage Realty Partners

Welcome to this versatile mixed use property offering both space and opportunity in the heart of Jamaica, Queens.

Description

Welcome to this versatile mixed-use property offering both space and opportunity in the heart of Jamaica, Queens. Priced at $1.2 MIL this legal 2-family home with a storefront is perfect for buyers looking for flexibility, income potential, or a long-term investment. Each residential unit features 4 bedrooms and 1 full bathroom, offering plenty of room for extended family or rental income. The ground-level storefront includes a kitchenette and bathroom, with direct access to a full basement and a large backyard ideal for additional storage, workspace, or outdoor use. What truly sets this property apart is its location. Surrounded by approximately 16 acres of vacant land and positioned with multiple sides facing this open space, it offers a unique setting you don’t often come across. Properties with this kind of positioning can become highly influential within the layout of future development, making this an especially compelling opportunity for buyers thinking long-term. As surrounding land evolves, assets like this already established and strategically placed tend to stand out, offering potential advantages in future planning, positioning, and overall value. This property benefits from newly updated zoning regulations increasing the Floor Area Ratio (FAR) from 2.0 to 6.0, allowing for a significant expansion in buildable potential. With a maximum buildable area of approximately 6,000 square feet, this site is ideal for developers, investors, or end-users looking to capitalize on the area’s continued growth and demand Conveniently located near transportation, shopping, and everyday amenities, this property offers the best of both worlds immediate usability with exciting long-term potential.

Amenities

  • Electricity Connected
  • Open Kitchen

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.