New York, NY 11354

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio

Financials

Price:$3,990,000
Annual Taxes:$25,000
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Homix Realty Inc

Located near Northern Blvd, this community facility property is available for sale or lease.

Modern brick building featuring a multi-story facade, large storefront windows, and a paved sidewalk entrance

Description

Located near Northern Blvd, this community facility property is available for sale or lease. Situated on a 50x150 lot, it offers 5 parking spaces, a long private driveway, and an elevator. Previously used as a daycare, the building features three levels with separate entrances, providing excellent flexibility for a variety of institutional uses. The approximate layout includes a 3,000 sq ft first floor with high ceilings, a 3,500 sq ft basement, and a 700 sq ft second floor with a balcony. The entire building can be leased for approximately $20,000 per month, offering strong and stable income potential. Additional upside includes expansion potential and the benefit of a 10-year property tax abatement, along with a current low annual property tax of approximately $25,000. Ideal for use as a daycare, senior center, after-school program, or other community facility purposes, as well as for investment.Additionally, it’s worth mentioning that the building offers expansion potential. The first floor has an 18-foot ceiling, allowing for an additional floor to be added. Electrical and main beams are already in place. There’s also an additional 1,500 square feet of rooftop that can be built upon.

Amenities

  • Electricity 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.