45-44 VERNON Boulevard Open House Save Request In-Person Tour Request Virtual Tour
Queens,NY 11101
OPEN HOUSE
Sat Nov 01, 10:00am - 11:00am
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $1,040
Subdivision Hunters Point
MLS Listing ID RLS20056699
Bedrooms 4
Full Baths 4
Half Baths 1
HOA Y/N No
Year Built 1931
Annual Tax Amount $33,996
Property Sub-Type Mixed Use
Property Description
- VIRTUAL TOURS AVAILABLE - PROPOSED ZONING UPGRADE - OneLIC - INVESTMENT OR REDEVELOPMENT OPPORTUNITY - MIXED USE - FIVE UNIT BUILDING Located in the heart of Hunters Point with frontage on Vernon Boulevard, this mixed-use property features a fully renovated four-unit apartment building and a flexible retail space. The four free-market one-bedroom apartments are all leased at market rates. The retail component offers 2,500 SF of flexible space with an additional 1,250 SF basement. The building sits on a 25' x 100' lot within R6A, C1-5 zoning and a FAR of 3. The existing building is approximately 5,000 SF and still has 2,500 buildable that can be applied as it stands. With the proposed OneLIC plan this will increase to 5,000 additional buildable SF. The building is accessible via the E, G, M, and 7 train lines along with the LIE. It is also conveniently located just steps away from the Gantry Plaza State Park, Murray Park, along with all the major restaurants, shops, and supermarkets that LIC has to offer. This is an excellent opportunity for investors, 1031 exchange buyers, or developers looking to capitalize on the potential of the OneLIC Neighborhood Plan. OneLIC Proposed Rezoning: The OneLIC Neighborhood Plan unlocks major redevelopment potential in Long Island City, proposing the rezoning of 54 blocks to allow for approximately 14,700 new housing units. This property is located within the proposed rezoning area, which could increase the allowable FAR from the current 3.0 to 4.0. As a result, the buildable square footage could rise from approximately 7,500 to over 10,000 square feet. For more information regarding OneLIC planning, please visit their website: licplan.nyc
Location
State NY
County Queens
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Ductless
Fireplace No
Appliance Washer Dryer Allowed
Laundry Building Other,Washer Hookup,In Unit
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Mixed Use
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $2,833
Special Listing Condition Standard
Pets Allowed Building Yes,No