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. Some 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
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