Active

27-05 41st Avenue

Long Island City NY, 11101

$37,800,000


Active

Commercial

Built in 2019

36 units condo with 5 retail stores plus 22 parking spaces for sale. River Bridge Tower is a recently built development located in the heart of Long Island City- one of the NYC's most vibrant retail, business and residential districts. It is a noticeably young and fully rented building which provides 5 retail stores, 36 residential units with 22 parking spaces. Residential living consists of one and two-bedrooms (1 or 2 baths) units, where each contains a private balcony with a great city view. Great location for retail business with busy foot traffic. This elevator building offers garage parking, package room and bike room. Laundry on every floor. Super convenient transportation, one block to the Queensboro Plaza subway station (7, N and W), and 2 blocks to the Queens Plaza station (E, M and R). Super convenient commute to Manhattan. Accessible to bus stops, shops, groceries, restaurants and all. 100% occupancy with projected income increase of 10% from rental renewal to make higher cap rate, plus tax abatement. 15 year tax abatement for residential & 25 year tax abatement for commercial. Great investment opportunity. Your turnkey business starts from here.

3488533

MLS ID

June 30, 2023

Listed

November 10, 2023

Updated

Map

27-05 41st Avenue
Long Island City NY, 11101

Interior Features

Total Stories

6


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.23 acres

Other Property Details

Taxes

$114,127


Tax Frequency

Annually


Garage

No


Parking

No


View

No


County

Queens


Pool

No

 

Courtesy of Century Homes Realty Group LLC

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ann Ferguson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 7:04 AM UTC, 11/10/2023

  

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