Compass is excited to offer a new construction, mixed use, investment property in the Dutch Kills section of Long Island City.

47-44 Vernon Blvd, Long Island City, NY 11101
Courtesy of Compass
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Location

25-10 38th Avenue
Queens NY 11101
Cross street:9th Street

Building

Type:Low-rise
Era:Pre-war
Floors:7

Property

Ownership: Income Property
Rooms: 12
Bedrooms: 19 BR
Bathrooms: 21

Financials

Price: $14,980,000

Description

Compass is excited to offer a new-construction, mixed-use, investment property in the Dutch Kills section of Long Island City. Net Operating Income - $630,199 CAP Rate - 4.2% - 1 Commercial Unit - 19 Residential Units - 14 One Bedroom Apts - 5 Studio Apts - Garage/warehouse - All units have private outdoor space - Radiant heating throughout entire building including sidewalk - American-made Hollister-Whitney elevator goes from basement to rooftop - All utilities submetered including water - Veissman boilers - Mitsubishi split units - Superintendent storage rooms in basement and roof level - Mechanical rooms on each floor - 20 3'x7'x8' lockable storage cages in basement - Laundry room - Fully equipped gym - Trash Compactor - 50 year Kemper roof - 50 security cameras throughout property - Video intercom - Pella windows - Spray foam insulated - Key fob entry - Wall hung toilets

Amenities

Laundry Room;

  • Balcony
  • Elevator
  • Laundry Room
  • Video Intercom

Neighborhood

More listings: Long Island City

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.