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