Address
5-14 50 Avenue # 2 Long Island City, NY
Price
$ 1,650,000
Property Attributes
  • MLS#H6154662
  • TypeMulti-Family
  • CountyQUEENS
  • CityLong Island City
  • AreaQueens
  • Zip11101
  • StyleMulti Family
  • Year Built1931
  • Taxes$ 11472
  • Price$ 1,650,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage3750
Listing Provided Courtesy Of:
Ryan Serhant with Serhant LLC
Data Source:
Hudson Gateway MLS (HGMLS) - 1 - NY
Property Description

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 fa ade, 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. Several 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

Elementary School Middle School
Call Listing Agent Elementary School Call Listing Agent Middle School
Price History
11/16/2021 Listed $1,650,000

General Features

Building Area Units Square Feet
Cooling None
Elementary School Call Listing Agent
Elementary School District City of New York
Garage Spaces 0.00
Heating Other, See Remarks
High School District City of New York
Middle/Junior High School Call Listing Agent
Middle/Junior School District City of New York
Property SubType Multi Family
Property Type Residential Income
Sewer Other
Tax Annual Amount 11472.00
Total Rooms 18
Total Units 2
Unit Number 2
Village None

Exterior Features

Parking Features Other
Water Source See Remarks

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 11101

Price
AVG $2.37M
$1.65M
Taxes
AVG $9,197
$11,472
Visits
AVG 48
9
Year Built
AVG 1925
1931

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