$3,590,000
Updated 5 years ago
Off Market

5-46 51st Ave

Long Island City, Queens | 5th Street & Vernon Blvd

3 Rooms6 Beds6 Baths4,875 Square FeetIncome Property

$3,590,000
floors / apts3 / 6
Lot Size25'100"x100'
Built Size25'100"x65'
ZoneM1-4/R
Building TypeTownhouse
RE Taxes$11,504
Price Per SF
$736

Listing Features

  • Beamed Ceilings
  • High Ceilings
  • Moldings
  • Original Details
  • Oversized Windows
  • WBFP
  • Oil Heat
  • Window AC Units

Outdoor space and views

  • Backyard
  • Garden Views
  • Partial City
  • Skyline Views

Building Amenities

  • Voice Intercom

Property Description for 5-46 51st Ave

PERFECT INVESTMENT OPPORTUNITY - Six (6) Family Townhouse on a beautiful tree-lined street in Long Island City's Hunters Point waterfront neighborhood. The perfect investment opportunity, or for the user looking for a primary residence along with rental income.

Now available is this gorgeous pre-war, 3-story walkup building situated on a 25 x 100 lot, with approximately 4,875 square feet of living space comprised of six (6) 1-Bedroom 1-Bath free-market apartments, a finished basement, and approximately 800 square foot paved backyard.

Rarely does a townhouse of this caliber, in this charming and coveted neighborhood come to market. Truly a find, and perfect for the savvy investor who appreciates quality and attention to detail. The property has been extremely well maintained. All floors feature floor through apartments with north and south exposures, generous 11' 6" ceilings heights, feature original details such as plaster moldings, slate mantles, beautiful woodwork and modern upgrades throughout. All units are separately metered for electric, and the building mechanicals are extremely kept well maintained throughout.

The excellent address is located only 2 blocks from the Hunters Point South waterfront parks, East River Ferry, playgrounds, dog parks, new Urban Market grocery store & CVS, and 1 short block to the Vernon/Jackson 7 train subway providing a quick 5-minute commute to Midtown. Once a gritty industrial neighborhood, LIC has arrived as the next Hot Destination of NYC. LIC offers the ultimate living experience with diverse cultural and culinary establishments, fine shops, Manhattan skyline views & much more! A high quality of life, and most importantly affordability, create a high demand for this newly gentrified community.

Block/Lot: 00034-0042
Location: Mid-block on 51st Ave. between Vernon Blvd. & 5th St.Bldg.
Class: 5-6 Families
Lot Dimensions: 25 100
Lot S.F.: 2,500
Bldg. Dimensions: 25 x 65
Bldg. S.F: 4,875
Stories: 3
Residential Units: 6
Zoning: M1-4/R6B
Property Taxes: $11,314.48

Listing History for 5-46 51st Ave

Now
09/03/2021
POM by Christopher Austad
Douglas Elliman
04/14/2021
$3,590,000
Initial Price by Christopher Austad
Douglas Elliman

Building Details for 5-46 51st Ave

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

Vernon Blvd-Jackson Av
0.09 miles
21 St
0.32 miles
Hunters Point Av
0.32 miles

Railroad

Long Island CityLong Island Rail Road
0.14 miles
Hunterspoint AvenueLong Island Rail Road
0.44 miles

Citi Bike

Vernon Blvd & 50 Ave
0.06 miles
5 St & 51 Ave
0.09 miles

Ferry

Hunters Point South
0.33 miles
Long Island City
0.47 miles

Contact Agent

Contact Agent

Christopher Austad
Douglas Elliman

Long Island City | Queens

Quick Profile

Long Island City, the name does sound a little far away, like it requires a lengthy drive to get to. Think, again. Long Island City, also known as LIC, is nestled in the western corner of Queens along the East River. Midtown Manhattan is closer to Long Island City than it is to downtown Manhattan.

 LIC is bordered by Sunnyside to the east, the East River to the west, Astoria to the north, and Newton Creek which separates Queens from Greenpoint Brooklyn to the south. 

 A once-shabby manufacturing epicenter, the neighborhood is a mix of industrial, commercial and residential. In recent years it’s seen a rise in some seriously cool factors. Populated by young professionals, multi-ethnic immigrants, and hipsters, LIC has a happening nightlife scene, fantastic restaurants (some of them Michelin starred), art museums and galleries. Much of the waterfront access has been redeveloped into sustainable public green spaces with modern design.  

 Although much of the industrial / manufacturing companies have since left LIC, many still reside there. They tend to co-exist with new residential building development the same way they do in other neighborhoods like Williamsburg and Greenpoint.

 Office building developers and business tenants play a vital role in LIC too. It’s considered New York City’s fourth central business district next to Midtown, downtown Manhattan and downtown Brooklyn.

 As you traverse the streets of LIC, you’ll notice the change from block to block. Industrial warehouses on one block, a bustling Main Street, followed by a park block with sleek luxury high-rise buildings. It’s all part of the LIC vibe.

 For a small neighborhood, the transportation links are excellent. For starters, you just can’t beat living one subway stop from Manhattan (7 train). Other train lines include E, M, R, N, Q, and the G lines. There are also less conventional methods of transportation like the NYC Ferry, which offers three ferry landings. There is no shortage of CitiBike’s in LIC either. Many folks commute to work by way of cycling over the Queensboro Bridge.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 55417TH