Active

45 -44 Vernon Boulevard

Queens NY, 11101

$5,000,000


$1,000.00 per sqft

Active

4 Beds

5 Baths

5,000 sqft

Other

Built in 1931

Investment Opportunity: 4-Unit Apartment Building with Retail Space in Hunters Point, NY

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.

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.

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.

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.

Contact us today to learn more and arrange a viewing of this remarkable property.

RPLU-5122943209

MLS ID

April 12, 2024

Listed

July 13, 2024

Updated

Map

45 -44 Vernon Boulevard
Queens NY, 11101

Interior Features

Total Stories

3


Bedrooms

4


Total Bathrooms

5


Full Bathrooms

4


Half Bathrooms

1


Appliances

Washer Dryer Allowed


Laundry Description

Building Other, Washer Hookup, In Unit


Fireplace

No


Cooling

Yes


Cooling Description

Ductless


Heating

No

Exterior/Building Features

Lot Size

0.06 Acres

Other Property Details

Taxes

$30,300


Tax Frequency

Annually


Garage

No


View

No


View Description

Other


County

Queens


Pool

No


Buyer Agency Compensation

2.5%

Listed by Richard Balzano with Douglas Elliman Real Estate
Listing Contact: (917) 449-0181 

The IDX display contains information sourced from the Real Estate Board of New York as of 7/13/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Real Estate Board of New York all rights reserved.

Data last updated on 7/13/2024 at 2:27 PM UTC

 

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