New York, NY 11434

Property

Ownership: For Sale
Type: Retail
Bedrooms: Studio
Lot Size: 0.2 Acres

Financials

Price:$3,000,000
Annual Taxes:$1,271.92
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Sweet Key Realty Group Inc

Located at Super high traffic, thriving commercial corridor, this all brick, free standing retail property offers exceptional long term investment value.

Description

Located at Super high-traffic, thriving commercial corridor, this all-brick, free-standing retail property offers exceptional long-term investment value. Property Highlights: Lot Size: 110 × 93 (Approx. 8,429 SF) ,Building Size: 98.5 × 61 (Approx. 5,429 SF) Configuration: 3 established, high-volume retail stores & 12 on-site parking spaces. Approx. Net Annual Income: $223,480! All tenants are well-established businesses with long-term leases in place, Tenants are responsible for their own expenses, ensuring strong, predictable cash flow! Investment Upside: Positioned in a busy commercial hub with consistent foot and vehicle traffic Very Low maintenance, Significant future appreciation potential in a growing area ,This is a rare opportunity to own a stable, income-generating asset with built-in upside in a prime location !

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Phone Connected
  • 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.