41-07 47th Avenue
Queens, NY 11104

Cross street:41st Street

Building

Type:Low-rise
Era:Post-war
Floors:5

Property

Ownership: income-property
Rooms: 50
Bedrooms: Studio
Pets: Pets Unknown

Financials

Price: $3,850,000
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Corcoran Group

Description


Introducing 41-07 47th Ave, well managed rent stabilized building in heart of Sunnyside. Extraordinary opportunity for new ownership/investor to add to their existing portfolio since the building has recently undergone capital improvements, value add is there with slight tweaks, and lastly ability to utilize remaining FAR to develop.
Existing Building & Property Features: Current Zoning is R6A not landmarked, set on a 50' X 100' lot, the existing 4-story masonry building approx. 13,752SF. It currently consists of twenty (20) income-producing units: The layouts consist of a mix of one (1) bedrooms with certain ones being larger.
A bustling location right on 47th Ave nearby Queens Blvd with ever expanding restaurants, bars, coffee shops, galleries, grocery stores, shopping, supermarkets. Walk to the 7 subway line on 40th St-Lowery St around the corner providing easy access to Long Island City and Manhattan. This area is constantly being sought after and developed due to close proximity.
Reach out to request setup and any questions.
Though information is believed to be correct, it is presented subject to errors, omissions, changes, or withdrawal without notice. Buyers are advised to verify all information.

Amenities

  • Patio
  • Basement
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

Introducing 41 07 47th Ave, well managed rent stabilized building in heart of Sunnyside.


OLR IDX

RLS Data display by Nest Seekers LLC.

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. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.