New York, NY 11372

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 11 BR
Bathrooms: 7
Lot Size: 0.1 Acres

Financials

Price:$2,500,000
Annual Taxes:$22,464
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Daniel Saat

This is a unique opportunity to acquire a freestanding, 3 story multifamily building in the heart of Jackson Heights one of Queens most vibrant and transit rich neighborhoods.

Description

This is a unique opportunity to acquire a freestanding, 3-story multifamily building in the heart of Jackson Heights—one of Queens’ most vibrant and transit-rich neighborhoods. Strategically positioned between the high-foot-traffic corridors of 37th Avenue and Roosevelt Avenue, the property offers immediate income potential with long-term upside. Set on a 40 ft x 100 ft lot, the building features three residential units, a full basement, and an attached 1-car garage—ideal for end-users seeking rental income or investors targeting a value-add or 1031 exchange opportunity. The R5 zoning may offer additional flexibility, and future land use potential may be enhanced under the City of Yes zoning modernization efforts currently underway. Property Highlights: • Freestanding 3-Story Structure • Three (3) Residential Units • Lot Size: 40 ft x 100 ft • Full Basement • Attached 1-Car Garage • Zoning: R5 • Close Proximity to E, F, M, R, and 7 Subway Lines • Easy Access to BQE and Grand Central Parkway Perfect for: • 1031 Exchange • End-User / Live + Rent Scenario • Buy-and-Hold Investors • Value-Add Operators With unmatched transportation access via the Jackson Heights–Roosevelt Avenue / 74th Street–Broadway transit hub and proximity to the Jackson Heights Historic District, this property sits at the intersection of strong market fundamentals and long-term neighborhood growth. Please do not disturb tenants.

Amenities

  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Other
  • Phone Connected
  • Sewer 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.