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 Rate Email me for a complete set-up
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