Apt: 1A
New York, NY 11368

Property

Ownership: For Sale
Type: Retail
Bedrooms: Studio

Financials

Price:$2,260,000
Annual Taxes:$28,774.48
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of United Real Estate Fortune

Exclusive Opportunity Mixed Use Commercial Property with Turn Key Business in Corona.

Description

Exclusive Opportunity: Mixed-Use Commercial Property with Turn-Key Business in Corona. Prime Investment Alert: An exceptional opportunity for owner-users seeking a "live-work" or "semi-retirement" lifestyle! Purchase this prime commercial real estate and take over a multi-million dollar business. Property Highlights (Northern Blvd, Corona): Total 3-Level Commercial Unit ?Ground Floor: 2,693 sq. ft. (Impressive 25'-38' storefront frontage) ?Second Floor: 1,537 sq. ft. ??Finished Basement: 1,675 sq. ft. ?Curb cut for loading -pull up access ?Private multiple cars driveway 23X100 sqft Operating Costs: Common Charge: $1,410/mo | RE Taxes: $2,410/mo Investment Potential: Projected Rental Income: $15,000/month | Conservative CAP Rate: 5.5% Strategic Location & Development: Situated within walking distance of the highly anticipated Metropolitan Park-the multi-billion dollar casino and entertainment complex spearheaded by Mets owner Steve Cohen and Hard Rock. The Corona/Willets Point area is undergoing its most significant transformation in decades. With 23,000 new position projected, the demand for local services (retail, dining, amenities) will skyrocket. This is the turning point for Corona: transitioning from a local neighborhood hub to a premier New York destination for tourists and professionals alike.

Amenities

  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Trash Collection Public

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.