New York, NY 11369

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 5 BR
Bathrooms: 4

Financials

Price:$849,000
Annual Taxes:$12,337
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Empire Fine Homes

Rare opportunity to acquire a 4 family rent stabilized corner property in the heart of East Elmhurst.

Description

Rare opportunity to acquire a 4-family rent-stabilized corner property in the heart of East Elmhurst. The building consists of four apartments that have been registered with DHCR and features a desirable unit mix of one 2-bedroom apartment, two 1-bedroom apartments, and a legal 1-bedroom basement apartment. Two units are currently occupied, and two units will be vacant at closing, providing immediate occupancy and future income potential subject to applicable rent stabilization regulations. Situated on a residential block near shopping, restaurants, schools, public transportation, LaGuardia Airport, major highways, and neighborhood amenities, this property presents a unique opportunity to own a multifamily asset in one of Queens' most sought-after neighborhoods. Property is being sold as-is. Buyers are encouraged to conduct their own due diligence regarding rent stabilization status, legal rents, and future rental increases.

Amenities

  • Corner Lot
  • Eat-in Kitchen
  • Electricity Connected
  • Entrance Foyer
  • Fire Escape
  • Natural Gas Connected
  • Near Public Transit

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.