5-14 50 Ave. 2 $1,650,000


    5-14 50 Ave. 2 Queens, NY 11101

    • 6 Beds
    • 6 Baths
    • 3,750 sq. ft.
    • Multi-Family
    • MLS# 3710649
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    Views: 0 Days On Site: 18

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    Property Details

    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. • Lot dimensions : 25ft x 100ft • Lot Sqft : 2,500 • Building class : C2 • Building sqft: 3,750 • Building dimensions : 25 ft x 50 ft • Buildings on Lot : 1 • Residential Units: 6 1 Market rate unit 1 Rent Control unit 4 rent stabilized units • Stories: 3 • Allowed usable floor Area: 5,000 • Usable floor area as built: 3,750 • Unused FAR: 1,250 • Annual property taxes: $11,472

    • General Features
      • Year Built 1931
      • Floor Number 2
      • Hoa Fee 0.00
      • Neighborhood Hunters Point
      • New Development No
      • Real Estate Tax 956
    • 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 Yes
      • Building Rooftop No
      • Building Storage No
      • Foyer No
      • Garden No
      • Has Fireplace No
      • Has Outdoor Space No
      • Home Offices 0
      • Live In Super 0
      • Number of Building Stories 3
      • Number of Building Units 6
      • Number of Half Baths 0
      • Number of Rooms 18.00
      • Unit Balcony No
      • Unit Garden No
      • Unit Laundry No
      • Unit Number 2
      • Unit Terrace No



    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

    $932,269 Median Sales Price
    20 Homes Sold
    30 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: $1,650,000
        11/16/2021 10:37:00 AM New in Database Source: Multiple Listing Service New Value: $1,650,000

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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.