New York, NY 11368

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,998,000
Annual Taxes:$31,300.84
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Billion Homes Realty Corp

Excellent investment opportunity !

Description

Excellent investment opportunity! Solid brick 9-family building with a cap rate of over 7% and stable rental income. Most units have been recently renovated, and the property features all-new electrical wiring. Ideally located just a 3-minute walk from the #7 subway station, providing convenient access to transportation and local amenities. All units are currently occupied on a month-to-month basis, offering flexibility for future owners. Building size: 20' x 80'.

Amenities

  • Cable Connected
  • Electricity Connected
  • Natural Gas 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.