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 façade, 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