Active

45 -44 Vernon Boulevard

Queens NY, 11101

$5,000,000


$1,000.00 per sqft

Active

4 Beds

4.5 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 11, 2024

Listed

April 22, 2024

Updated

Map

45 -44 Vernon Boulevard
Queens NY, 11101

Interior Features

Total Stories

3


Bedrooms

4 Beds


Bathrooms

4.5 Baths


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


Zoning

R6A


Buyer Agency Compensation

2.5%

Courtesy of Douglas Elliman Real Estate with Richard Balzano, Barry Brown
Listing Contact: (917) 449-0181 

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.

©2024 The Real Estate Board of New York, Inc., All rights reserved

Data last updated 7:11 PM UTC, 4/22/2024

 

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