tomo logo

$4,800,000

Beds
4
Baths
5.0
sq ft
5,000

45-44 Vernon Blvd, Long Island City, NY 11101

45-44 Vernon Blvd

New York City, NY 11101

  • 254 days on market
    • Price drop $200,000↓
<p>Investment Opportunity: 4-Unit Apartment Building with Retail Space in Hunters Point, NY</p> <p>Welcome to 45-44 Vernon Boulevard, an exceptional investment opportunity in the vibrant Hunters Point neighborhood of New York. This property, offered for the first time in a generation, consists of a four-unit boutique apartment building paired with a retail space, all situated on a 25' by 100' lot. All apartments are free market and fully rented at market rates, providing a consistent rental income stream. Additionally, the retail space, though leased through December 2025, can be delivered vacant, offering flexibility for potential new owners to explore various commercial opportunities.</p> <p>Each of the four spacious 1-bedroom, 1-bath units is meticulously designed to offer comfortable living. Featuring well-appointed kitchens, inviting living areas, and well appointed bathrooms. The ground-floor retail space also presents an excellent opportunity for diverse business ventures.</p> <p>Located on vibrant Vernon Boulevard, this property enjoys high visibility and foot traffic, ensuring maximum exposure for any retail business. Hunters Point's thriving atmosphere, with trendy restaurants, shops, and cafes, adds to the appeal, attracting both residents and customers to the retail space. Nearby parks and waterfront areas offer recreational opportunities and stunning views of the city skyline.</p> <p>With its strategic location, transportation is convenient with nearby subway stations, ferry terminal, bus routes, and major highways facilitating easy access to Manhattan and other boroughs, including just one stop to Grand Central Station on the #7 Subway. Whether you're a seasoned investor or seeking a property with multiple income streams, 45-44 Vernon Boulevard presents an enticing opportunity. Capitalize on the current rental income and explore the potential of the retail space. Don't miss out on this chance to invest in a thriving neighborhood and maximize your returns.</p> <p>Contact us today to learn more and arrange a viewing of this remarkable property.</p>

Details

Property type

Mixed Use

Lot size

Unknown

Price per sq ft

$960

Year built

1931

Annual property taxes

$32,724

Price History

12/02/2024
REBNY

REBNY #RPLU-5122943209

Price change
$4,800,000
-4%
07/19/2024
REBNY

REBNY #RPLU-5122943209

Pending
$5,000,000
04/12/2024
REBNY

REBNY #RPLU-5122943209

Listed
$5,000,000

Schools & Community

Neighborhood: 

Hunters Point

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/22/2024 at 1:35 AM

Listing updated: 12/02/2024 at 6:36 PM

Listed by: Richard Balzano, Douglas Elliman Real Estate Phone #: (212) 891-7000

MLS: REBNY #RPLU-5122943209

REBNY logo

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