5-14 50th Avenue

Long Island City   |   5th Street & Vernon Boulevard

Price Drop
Building For Sale
$ 1,875,000 [ 10.71% | $ 225,000 ]
Ownership Multi-Family
Lot Size 25'x100'
Floors/Apts 3/6
Status Active
Real Estate Taxes [Per Annum] $ 12,007
Building Type House
Building Size 25'x50'
Year Built 1931
ASF/ASM 3,750/348
Listing ID: 81591TH

Property Description

Incredible Investment Opportunity in Prime Hunters Point South Introducing this fully-occupied multi-family residential building in Hunters Point, a renovated investment property with 6 rental units and a convenient location in one of the city's most desirable neighborhoods. The building has a new façade, new sash windows, a new boiler, updated electricity infrastructure, and a refurbished roof. Each unit features a classic 1-bedroom, 1-bathroom layout and beautiful hardwood floors. Several units have been gut-renovated and have modern kitchens with custom cabinets, sleek countertops, and high-end stainless steel appliances. 5-14 50th Avenue is nestled a half-block from the main pedestrian strip of Vernon Boulevard. It is moments from a variety of trendy restaurants, bars, cafes, and shops, including the Michelin star-rated Mexican spot, Casa Enrique. Also nearby are the lush riverside greenspaces of Hunters Point South Park and Gantry Plaza State Park. Public transportation options include the 7/E/M/G subway lines and the NYC Ferry. •
Incredible Investment Opportunity in Prime Hunters Point South Introducing this fully-occupied multi-family residential building in Hunters Point, a renovated investment property with 6 rental units and a convenient location in one of the city's most desirable neighborhoods. The building has a new façade, new sash windows, a new boiler, updated electricity infrastructure, and a refurbished roof. Each unit features a classic 1-bedroom, 1-bathroom layout and beautiful hardwood floors. Several units have been gut-renovated and have modern kitchens with custom cabinets, sleek countertops, and high-end stainless steel appliances. 5-14 50th Avenue is nestled a half-block from the main pedestrian strip of Vernon Boulevard. It is moments from a variety of trendy restaurants, bars, cafes, and shops, including the Michelin star-rated Mexican spot, Casa Enrique. Also nearby are the lush riverside greenspaces of Hunters Point South Park and Gantry Plaza State Park. Public transportation options include the 7/E/M/G subway lines and the NYC Ferry. •

Listing Courtesy of Serhant

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Apartment Features

A/C

Outdoor

Private Garden
5-14 50th Avenue Long Island City Queens NY 11101

Building Details [5-14 50th Avenue]

Ownership Multi-Family
Service Level None
Access Walk-up
Block/Lot 33/31
Building Size 25'x50'
Zoning M1-4/R
Building Type House
Year Built 1931
Floors/Apts 3/6
Lot Size 25'x100'

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2021 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.