Apt: C101
New York, NY 11355

Property

Ownership: For Sale
Type: Retail
Bedrooms: Studio

Financials

Price:$7,580,000
Annual Taxes:$5,696
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of B Square Realty

Premier ground floor commercial retail condo opportunity located at NuSun Tower in the heart of Downtown Flushing, immediately off Main Street and near Great Wall Supermarket.

Description

Premier ground-floor commercial retail condo opportunity located at NuSun Tower in the heart of Downtown Flushing, immediately off Main Street and near Great Wall Supermarket. This high-visibility commercial space offers approximately 4,030 gross SF and benefits from strong surrounding foot traffic, dense residential and commercial activity, and a built-in customer base in one of Flushing’s busiest business corridors. The sale includes existing leases with stable tenants, providing immediate income, along with vacant spaces that offer additional upside. Units A and B are occupied with long-term leases in place. With approx. 3000sqft are currently vacant and available for lease at $15,000 per month, offering flexibility for an owner-user or additional rental income. Projected net income 5.5% CAP. The space is suitable for a variety of commercial uses, including retail, restaurant, medical, urgent care, or professional office use, subject to verification and approval. Each unit has a separate electric meter, with common area expenses shared among occupants. This asset presents a rare opportunity to acquire a flexible ground-floor retail condo in Downtown Flushing’s core commercial district, offering existing income, vacant upside, low current tax exposure, and long-term value in a prime location.

Amenities

  • Electricity Connected
  • 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.