New York, NY 11368

Property

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

Financials

Price:$2,390,000
Annual Taxes:$6,098
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Lin Pan Realty Group LLC

Located at the Heart of Corona, this Impressive Four story Brick Walk up Represents a Premier Investment Opportunity with a Robust 6.

Description

Located at the Heart of Corona, this Impressive Four-story Brick Walk-up Represents a Premier Investment Opportunity with a Robust 6.25% Cap Rate. The Property is Fully Occupied, offering a Stable and Consistent Cash Flow underpinned by Severn Rent-Stabilized Residential Units and Two Established Community Facility Units, currently utilized as a Religious Center and a Professional Herbal Treatment Center. The building is Designed for Operational Efficiency, featuring Individual Gas and Electric Meter and Sprinklers throughout. Situated just a Short Walk from Roosevelt Avenue, the Property Offers Immediate Access to a Bustling Corridor of Commerce and Dining. The Easy Subway Access nearby Provides a Direct and Efficient Commute to Manhattan and Flushing, ensuring High Long-term Occupancy and Exceptional Value for any Savvy Investor.

Amenities

  • Electricity Available
  • Natural Gas Available
  • 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.