Introducing an Excellent Investment Opportunity in one of Queens most vibrant and established residential neighborhoods.


Property

Website:https://www.nestseekers.com/5506142
Address:
New York, NY 11432
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,199,000
Annual Taxes:$38,218

Description

Introducing an Excellent Investment Opportunity in one of Queens’ most vibrant and established residential neighborhoods. This well-maintained three-story semi-detached brick walk-up features 8 residential units and offers approximately 4,380 square feet of living space on a 24x125 lot with R6A zoning. Built in 1970, the property consists of six one-bedroom apartments and two studio apartments, all rent-stabilized and fully occupied with established tenants, providing steady and reliable cash flow with future upside potential through continued rent growth in a strong rental market. Situated just two blocks away from Hillside avenue, the property is within minutes to supermarkets, restaurants, shopping, laundromats, and other neighborhood essentials, making it a highly desirable address for tenants. Public transportation is easily accessible, including the E and F subway lines at 169th Street, along with multiple bus routes offering convenient access throughout Queens and Manhattan. This is an exceptional opportunity for investors seeking a stable, income-producing asset with long-term appreciation potential in a prime Queens location. Call today for additional information!

Amenities

  • Awnings
  • Back Yard
  • Electricity Connected
  • Natural Gas Connected
  • Near Public Transit
  • Near School
  • Near Shops
  • Sewer Connected
  • Trash Collection Public
  • Walk Up
  • Water Connected

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Voro LLC