New York, NY 11434

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 5 BR
Bathrooms: 3
Lot Size: 0.1 Acres

Financials

Price:$1,350,000
Annual Taxes:$4,813.80
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Omni Realty Corp

Rare 3 Family Storefront Opportunity with Additional Development Potential Exceptional opportunity to acquire a versatile 3 family property with a storefront and an additional vacant lot directly behind the building ...

Description

Rare 3-Family + Storefront Opportunity with Additional Development Potential Exceptional opportunity to acquire a versatile 3-family property with a storefront and an additional vacant lot directly behind the building included in the sale. The property offers an attractive combination of existing income-producing space and additional land, creating potential for investors, developers, and owner-users seeking long-term upside. The three-family building provides residential income potential, while the storefront offers valuable commercial space along Sutphin Blvd. The real opportunity is the additional rear lot. The vacant parcel is included in the sale and provides the potential to explore future development, expansion, or other permitted uses, subject to zoning, lot configuration, approvals, and applicable NYC regulations. This additional land creates flexibility and potential that is not typically available with a standard 3-family property. Whether you're looking to maximize existing rental income, occupy the commercial space, or investigate the development possibilities of the additional lot, this property presents a unique opportunity to acquire both an established building and valuable additional land in one transaction.

Amenities

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