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    1 home
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      32-01 47th Avenue, Long Island City, NY 11101
      Closed Apr 10, 2024
      32-01 47th Avenue, Long Island City, NY 11101
      $1,980,000
      3,000sqft
      –acres
      Commercial Sale

      32-01 47th Avenue, Long Island City, NY 11101

      Listing by: All Island Estates Realty Corp
      1
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      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
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      OneKey® MLS
      32-01 47th Avenue, Long Island City, NY 11101

      NY/Queens/Long Island City/11101/32-01 47th Avenue, Long Island City, NY 11101

      Closed Apr 10, 2024
      $1,980,000
      3,000sqft
      –acres

      32-01 47th Avenue, Long Island City, NY 11101

      City/Town:Long Island City   Post Office: Long Island City     

      Commercial Sale by Richard Matt Shane, All Island Estates Realty Corp.

      Data checked -. Listing last updated 400 days ago.
      1. Overview
      2. Details
      3. More 

      Calling All Investors, Developers & End-Users!!! 18.8 Cap 5,288 Sqft. Two Unit Corner Restaurant Building For Sale!!! The Property Features Great Exposure, Excellent Signage, 6 Parking Spaces, High 10' Ceilings, Strong M1-4 Zoning, Signalized Intersection, All New LED Lighting, 3 Phase Power, Accessible Ramp & Bathroom, CAC, +++!!! The Current Restaurant Has Been A Family Owned Business In This Location For 35 Years!!! The Property Is Located In The Heart Of Long Island City On The Corner Of Van Dam Street & 47th Avenue Minutes From Queens Plaza!!! Neighbors Include Starbucks, Capital One Bank, Hyundai, Subaru, Harley Davidson, Exxon, Wyndham Hotels, Extra Space Storage, The Home Depot, Staples, Marshall's, Party City, Old Navy, P.C. Richard & Son, Dunkin', CVS, Planet Fitness, Burlington, David's Bridal, McDonald's, Panera Bread, Trader Joe's, Boston Market, YMCA, +++!!! The Entire Building Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Investment Property / Home For Your Business!!! Income: Restaurant (5,288 Sqft.): $416,129 Ann. NNN. (Available) Gross Income: $416,129 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $3,182 Ann. Taxes: $29,383 Ann. Total Expenses: $32,815 Ann. Net Operating Income (NOI): $448,944 Ann. (Proforma 18.8 Cap!!!)

      Internet Serviceability
      Details
        Property type
      Commercial Sale
        Year built
      1965
        Heating
      Natural Gas
        Cooling
      None
        Garage
      No
        City/Town
      Long Island City
        Post Office
      Long Island City
        Parking spots
      6
      L3462879
      MLS ID
      Closed
      Status
      Apr 10, 2024
      Closed
        Flooring
      –
        View
      –
      Exterior features
      –
      Lot features
      –
      Monthly taxes
      $2,449
      Yearly taxes
      $29,383
      Schools
      -
      Open Houses
      In-Person
      No upcoming in-person open houses
      Virtual
      No upcoming virtual open houses
      Contact Agent
      Richard Matt Shane
      Richard Matt Shane
      Associate Real Estate Broker, All Island Estates Realty Corp
      Direct Number 
       
      Location
      47th Ave to Van Dam St.
      For Sale Nearby
      No nearby homes are For Sale Nearby.
      Recently Sold
      No nearby homes have been Recently Sold.
      32-01 47th Avenue, Long Island City, NY 11101, is a 3000 sqft. Mixed Use built in 1965. This property is currently available for sale and was listed on OneKey® MLS on Invalid date. The MLS# for this Mixed Use is MLS# L3462879.
      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
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