11-15 47th Rd. 5FAM $6,000,000

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    11-15 47th Rd. 5FAM Queens, NY 11101

    • 10 Beds
    • 8 Baths
    • 5,401 sq. ft.
    • Condo/Townhouse
    • MLS# 3710393
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    Views: 4 Days On Site: 15

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    Property Details

    This newly constructed multifamily property sits in the Hunters Point section of Long Island City; Close proximity to the Vernon Jackson 7 Train station (1 stop to Grand Central), E/M Trains (1 stop to Lex/53rd) and the G train. The building is one block away from Vernon Boulevard, the area's prime retail corridor for shops and restaurants. It is also centrally located 3 blocks away from both Long Island City's beautiful waterfront parks and Court Square's booming skyscrapers/ retail area. All essential shopping such as Trader Joe's, Food Cellar Market, Duane Reade, multiple coffee and sandwich shops are just 2-3 blocks away. The Long Island City neighborhood of NYC has transformed itself over the past 10 years from a sleepy bedroom community of Manhattan to destination neighborhood for young families and professionals, drawn by the neighborhood feel and easy commute. 100% occupied, the rental units of 11-15 47th Road offer tenants condo quality finishes with porcelain wood grain tile floors, stainless steel appliances and quartz counter tops. Each unit also has a washer dryer which is rare for walk up apartments in the LIC market. The 2,500 sf 3 bedroom garden triplex boasts even higher levels of finishes and represents a rare opportunity for a large family to have a private backyard. The property is currently managed as an owner's triplex with 4 income properties above. As an income property owner, you will not have the burden both financially and logistically to deal with any previous owners' deferred maintenance issues. Just 4 years old, the building's mechanical, plumbing and electrical systems are all brand new and in top condition. Additionally, the building was built with central AC for the triplex and electric heating for the upper 4 rental units, which the tenants are responsible for. With the majority of multi-families in the area being subject to rent stabilization laws, 11-15 47th Road is an instant standout from an investment perspective, providing 100% freedom of ownership and management. ProForma Net Operating Income (NOI): $240,813 4.0 Cap RateEmail me for a complete set-up

    • General Features
      • Floor Number 4
      • Hoa Fee 1070.00
      • Neighborhood Hunters Point
      • New Development No
      • Real Estate Tax 2762
      • Renting Allowed Yes
      • Year Built 2015
    • Building Features
      • Building Bike Storage No
      • Building Class C2
      • Building Doorman No
      • Building Elevator No
      • Building Garage No
      • Building Gym No
      • Building Laundry No
      • Building Pets No
      • Building Pool No
      • Building Prewar No
      • Building Rooftop No
      • Building Storage No
      • Foyer No
      • Garden Yes
      • Has Fireplace No
      • Has Outdoor Space Yes
      • Multilevel Yes
      • North Exposure Yes
      • Number of Building Stories 4
      • Number of Building Units 5
      • Number of Half Baths 0
      • Number of Rooms 20.00
      • South Exposure Yes
      • Unit Balcony No
      • Unit Garden Yes
      • Unit Laundry Yes
      • Unit Number 5FAM
      • Unit Terrace Yes

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    Neighborhood

    11101 (Queens) Demographics

    34 Median Age
    11,640 Population Density (per sq. mile)
    57% College Educated
    $75,581 Estimated Median Income
    2,202 Estimated Total Home Owners
    11,694 Estimated Total Renters
    16% / 84% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    31,366 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $902,500 Median Sales Price
    20 Homes Sold
    28 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $6,000,000
        11/15/2021 1:38:00 PM New in Database Source: Multiple Listing Service New Value: $6,000,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.