10-47 47th Avenue, New York, NY, 11101
$2,000,000
activeLot Size
2,500 sqft
Year Built
1931
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
First sale on 3 generations. Own a piece of Long Island City history on of the neighborhood’s most coveted and storied blocks, just off of Vernon Boulevard This 4,500 sf 6 family investment property has been well maintained by the same family for over 60 years and offers a stable tenant base, and up to date inspections and compliance with all local and state requirements. Built 25 x 60 and sitting on a 25x100’ lot, the property offers the ideal mix of quiet residential feel and prime location. The 3 story apartment building was constructed in 1931 and features a clean walkable basement and spacious planted backyard as well as a new roof and boiler The six apartments are all legal 1 bed 1 bath apartments, but configured as 2 bed railroad style residences. This is a rent stabilized investment and will be delivered fully occupied. The property is zoned M1-4/R6B and sits within the Long Island City Mixed use district. The FAR is 2.0 and there is 500 sf of unused air rights Rent roll and expenses upon request
Listed by Rick Kelly, Alta New York
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