Updated a year ago
Off Market
45-44 Vernon Blvd
Long Island City, Queens | 45th Road & 46th Ave
18 Rooms4 Beds4.5 Baths5,000 Square FeetMixed Use
$4,550,000
floors / apts3 / 4
Lot Size24'7"x100'
Built Size25'x50'
ZoneR6A
Building TypeTownhouse
RE Taxes$30,300
Price Per SF
$910
Building Amenities
- Voice Intercom
Property Description for 45-44 Vernon Blvd
Investment Opportunity: 4-Unit Apartment Building with Retail Space in Hunters Point, NY
Welcome to 45-44 Vernon Boulevard, an exceptional investment opportunity in the vibrant Hunters Point neighborhood of New York. This property, offered for the first time in a generation, consists of a four-unit boutique apartment building paired with a retail space, all situated on a 25" by 100" lot. All apartments are free market and fully rented at market rates, providing a consistent rental income stream. Additionally, the retail space, though leased through December 2025, can be delivered vacant, offering flexibility for potential new owners to explore various commercial opportunities.
Each of the four spacious 1-bedroom, 1-bath units is meticulously designed to offer comfortable living. Featuring well-appointed kitchens, inviting living areas, and well appointed bathrooms. The ground-floor retail space also presents an excellent opportunity for diverse business ventures. Zoning also offers the potential to expand with an additional unused 2,500 sq ft of FAR.
Located on vibrant Vernon Boulevard, this property enjoys high visibility and foot traffic, ensuring maximum exposure for any retail business. Hunters Point's thriving atmosphere, with trendy restaurants, shops, and cafes, adds to the appeal, attracting both residents and customers to the retail space. Nearby parks and waterfront areas offer recreational opportunities and stunning views of the city skyline.
With its strategic location, transportation is convenient with nearby subway stations, ferry terminal, bus routes, and major highways facilitating easy access to Manhattan and other boroughs, including just one stop to Grand Central Station on the #7 Subway. Whether you're a seasoned investor or seeking a property with multiple income streams, 45-44 Vernon Boulevard presents an enticing opportunity. Capitalize on the current rental income and explore the potential of the retail space. Don't miss out on this chance to invest in a thriving neighborhood and maximize your returns.
Contact us today to learn more and arrange a viewing of this remarkable property.
Listing History for 45-44 Vernon Blvd
Now
07/14/2025
POM by Richard Balzano
Douglas Elliman
05/31/2025
Contract Signed by Richard Balzano
Douglas Elliman
Building Details for 45-44 Vernon Blvd
OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/4
Transit and Citi Bike
Subway
21 St
0.26 miles
Vernon Blvd-Jackson Av
0.31 miles
Court Sq-23 St
0.36 miles
Hunters Point Av
0.39 miles
Court Sq
0.4 miles
Railroad
Hunterspoint AvenueLong Island Rail Road
0.45 miles
Long Island CityLong Island Rail Road
0.47 miles
Citi Bike
46 Ave & 5 St
0.09 miles
46 Rd & 11 St
0.14 miles
Ferry
Long Island City
0.27 miles
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: 95433TH
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