45-44 Vernon Boulevard

Building For Sale  • 
Long Island City
Web ID # 1272059 RLS

$ 5,000,000

5,000 ft2  
Tax (Monthly): $2,525

Building & Unit Features

  • Laundry In Unit
  • 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.

    Floor: 1
    Stories: 3
    Units: 6
    Total Rooms: 12

    Courtesy Of Douglas Elliman Real Estate

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    Estimated Monthly Costs


    $25,283
    Est. Mortgage
    $2,525
    Real Estate Tax
    $27,808
    Monthly Total*
    * The estimated monthly costs provided by this caculator are for illustrative purposes only, with no guarantee regarding accuracy.
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    Nearby Subways

    • G Jackson Ave & 47th Ave (~0.26 mile)
    • 7 Vernon Blvd & 50th Ave (~0.30 mile)
    • E G M 7 21st St & 44th Ave (~0.30 mile)


    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 REBNY Listing Service, Inc. All rights reserved. RLS IDX Data display by Tiaheem Byrd Lic Associate Broker at Compass. IDX information is provided exclusively for consumers' personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.