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45-44 Vernon Blvd
Long Island City, NY 11101
Multifamily Property For Sale · 5 Units

Investment Highlights

  • The building totals 6,250 SF: 5,000 SF of above ground plus 1,250 SF basement space with direct street access + 2,400 SF add'l FAR.
  • New Proposed Zoning would change from R6A to M1-3/R7A. Current FAR is 3, as built 2. OneLIC Plan would allow FAR 5. New Height Restriction 80'.
  • 4 Free-Market Fully Renovated & Leased 1 Bed/1 Bath Apartments. 2,500 SF Retail Space Plus 1,250 SF Contig. Basement Can Be Available for Owner/User.

Property Facts

No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront
  • General Retail Storefront Retail/Office
  • Office Office Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 5,000 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1931/1994
Zoning R7A, M1-3A, LIC - Medium-density residential district (R7A) and a light manufacturing district (M1-3)

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready

Site Amenities

  • Laundry Facilities
  • On-Site Retail

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 $3,250 600
Studios 1 $12,500 2,500

Property Taxes

Property Taxes

Parcel Number
00026-0002
Land Assessment
$4,275
Improvements Assessment
$278,430
Total Assessment
$282,705
  • Listing ID: 31486267

  • Date on Market: 4/11/2024

  • Last Updated:

  • Address: 45-44 Vernon Blvd, Long Island City, NY 11101

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