New York, NY 11355

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$2,388,000
Annual Taxes:$23,526.16
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of All Island Estates Realty Corp

Calling All Investors, Developers, amp ; End Users !

Description

Calling All Investors, Developers, & End-Users!!! 4 Unit 5,200+ Sqft. Free Market Mixed-Use Restaurant Building In Flushing For Sale!!! The Property Features Excellent Signage, Great Exposure, R5/C1-2 Zoning, High 9’ Ceilings, (2) 1 Br. Apartments, (1) 2 Br. Apartment, Basement, Sprinklers, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Murray Hill Only 3 Blocks Off Northern Blvd. & Only Minutes From I-678 (Whitestone Expy.)!!! Neighbors Include Chase Bank, TD Bank, Citizens Bank, Bank Of America, UPS, Verizon, T-Mobile, CubeSmart Self Storage, AutoZone, Dunkin’, 7-Eleven, YMCA, Enterprise-Rent-A-Car, Mobil, Duane Reade, Baskin-Robbins, Domino’s Pizza, Subway, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Korean BBQ: $72,565.56 Ann.; 3% Ann. Inc.; Lease Exp.: 1/31/34. Tenant Pays Half Of The Property Tax. 2nd Floor Front Apt. (1 Br.): $16,800 Ann.; M-M. 2nd Floor Rear Apt. (1 Br.): $20,400 Ann.; M-M. 3rd Floor Apt. (2 Br.): $45,600 Ann.; M-M. 50% Tax Rebate From Store: $12,000 Ann. 70% Water Rebate From Store: $5,400 Ann. Gross Income: $172,765.56 Ann. Expenses: Gas: $0 Ann. Electric: $890 Ann. (Hallway) Maintenance & Repairs: $250 Ann. Water & Sewer: $7,714.29 Ann Insurance: $2,839 Ann. Taxes: $23,642 Ann. Total Expenses: $35,335.29 Ann. Net Operating Income (NOI): $137,430.27 Ann.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Sewer 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.